Hi Verslagen, sorry, that's not what I meant.
I replaced the old rear tire with a 150/90x15 Pirelli (fits juuust right) whish is some 5% higher geared.
Then I replaced the belt drive (2,94:1) with a chain conversion, 17/49=2.88:1
This means the OEM tank mounted speedo was already reading some 8% slower than reality - checked with a bar-mounted GPS.
Now, the new tiny speedo reads yet another 10% lower...
...it means that there is close to 20% error between indicated speed and REAL speed !

Sorry, it's totally unacceptable