from the factory they run very hot.
there are some videos on youtube where they turn out the lights and the header is red hot
this is caused most in part by the bike being jetting very lean from the factory.
a re-jet should be the first thing to do on the bike before anything else.
do a search on it.
what elevation are you at?
im at sea level up to about 3K ft.
and i run:
120main jet
45pilot jet
stock needle 4th clip down ('04 needle has more adjustment than yours, for you it would be the lowest clip or you can source an '03-'05 needle offline and get more adjustability)
fuel screw 1.5-2 turns out from fully seated
air-box snorkel removed
aftermarket exhaust(but removing the baffle on the stock exhaust/drilling a hole in the stock exhaust baffle for reduced noise has the same effect)
let me know if you have any questions about this procedure.