Nathan,
Doc & Dave T's posts are spot on. I have the porting & pipe specs from the F11M manual to make an F11M hotter if you want them, but you can go much better than that these days if you want, esp on the pipe. Also have 2 other porting specs for F11 in Enduro use. One was Carl Cranks specs when he rode one in an ISDT qualifier in US (circa 73)
Std 30mm carb is spigot mount (push-in) into bolt on flange. Stud space is same as TS/TM250 Suz IIRC
Std F11 frames are quite heavy, as are the wheels, but swingarm is light. Yam conical front hub & 130mm rear hub save a lot of weight. F11 tank is huge - too fat & too long for MX. Smaller lighter G5 tank (or early F7 tank) is much better, is similar shape, & w a lighter narrower seat moved forward gives much better seating position for VMX IMHO (I'm 5'10"). KX450 platsic tank is another option.
If yr engine # is above 16500 you should have a semi-close ratio g'box. Flywheel is fairly heavy & is points ign. I have an F81M/F11M ign for mine, but I'm fairly sure the DT2M ign fits too, which may mean a YZ one would too.
Thats some ideas of what can be done anyway
The green F11 (#35/135) above is Steve Cox's. It has George McKenzie porting & pipe, but fairly mild I believe. Last I knew it still had the wide ratio bottom end which Steve understandably found a bit of a pain.
Mark, beware the 450 bighorn. Its been done before - unsuccessfully. Somebody sold such aftermarket kits back in the day. Tranfer tunnels too small & strangle it IIRC. Also, for MX use, the inlet breathing limits the bighorn, even in 350cc. When you have to keep the carb cover on, its apparently v difficult to get it to breath sufficiently well. For RR use where you can run it w'out the carb cover - no probs.