Thanks for the input so far! Here is a little more background and answers the questions asked so far.
I have always used Rotella T Synthetic 5w-40w since I bought it two years ago, and I have clocked about 15,000 miles on the bike in the last two years since I bought it. I do not know what the last owner used. I bought it with 40,000 miles in 6/2007 and it has 55,000 miles on it now.
When I bought this bike when I was replacing my 99 Interstate that had been wrecked, a very sad story :'( .
I took the Newly rebuilt reservoirs, brake cylinders and various other custom chromed parts off the 99 and put them on the 2000 I/S. The Clutch and front brake reservoirs and calipers (master cylinders) were all rebuilt when chromed and new SS lines installed. I then flushed and filled all the new parts with synthetic brake fluid that was marked compatible with DOT 3&4.
This morning I took apart the lever/bushing and I have inspected the bushings and they are in good shape, re-lubricated and re-assembled. This does not seem to be the issue. I know some people have experienced bushing wear resulting in a lot of slop around the lever pivot pin. Mine seem pretty reasonably snug. Also, the levers and the the push rod interface are good. I do not think that shortening the push rod in this case is the right solution as the push rod did not get longer and the lever is the same one that has worker for years. If anything the wear between them will effectively shorten the push rod. The master piston travel is spring returned against a hard stop comprised of a washer and a internal snap ring. It appears that the master piston is hitting this stop when the lever is released, as there seems to be a small amount of lever travel before contact is made and I can feel the pressure associated with pushing the master piston, also the alignment of the lever and reservoir with the pivot bolt pulled is good I would expect that if there were any unreleased spring pressure being applied to the push rod it would show itself when the pivot bolt is removed.
The clutch seems to engage and disengage smoothly as always. It starts to enter the friction zone at the same amount of release an feels fully released before the lever hits the stop.
Also it happens with that lever fully released and cruising for a while if I hit the throttle hard it slips for a few seconds then seems to catch again.
I guess the next thing to do is buy some Dino oil and change the oil and filter, ride it for some time and then repeat a couple times with some miles in between to flush out all the synthetic to see if this helps any.
Thanks again with the help offered so far.

