G'day Stu,
This is my experience.
i run my KTM300 on Motorex cross power 2T at 50:1 no problems in the 4 years i have had it (got it new), i was old school till then and used to run Castrol TTS at 40:1 in all my bikes. i now run Motorex in the others as well ever since 2005. no issues at all.
i will check the spring colors for the power valve for you. its a 30 second job mate, piece a piss. i'll scan that section of the manual when i get some time today.
sounds like you have the light spring in yours if its peaky.