Hi,
from your discription this sounds like it is "Dieseling" , the spark plug is acting like a glow plug, it is glowing red hot ,(I mean a glow plug as in a model aeroplane engine) that why the kill switch wont work and it is not responding to throttle opening , after hard use it over revs and when the motor and plug cool down it runs as normal .
It may be running lean , maybe advanced a little too much, the spark plug is probably the wrong heat range , that is not conducting heat through the head, and is running hot , it also could be your plug is projecting too far into the combustion chamber, check how far the plug is in when the head is off,
cheers