that's the rear tire losing traction from all the power.

possible real issues,
slave cylinder, only way to completely flush it out, is to remove and clean.
what oil are you using? oil as have really changed their formulations lately due to new standards.
Goldwing GL1500 forums, many do an engine flush after 100k miles, due to slippage. However I tend to remember it was units built before '97 which had mixed clutch plates. '97 and newer, this includes Valkyrie all have the same better clutch plates and don't have this problem.
what we don't want to hear, the damper plate is starting to go bad.