Ok, final update on this topic:
A few weeks ago, it FINALLY got solved!!! I ended up calling and then sending an email to CFMoto Customer Service pleading with them to do something...anything...to help the Dealership figure out the problem and get it resolved.
They listened. Within a matter of hours, someone from CFMOTO (some sort of engineer or high up service tech I'm guessing) had called the Dealership and told them exactly what the issue was. They had a few possible causes, but turns out it was the first and most likely culprit that they suggested.
They were familiar with the issue and suspected it was the air filter inlet pipe (
https://cfmotousaparts.com/product/inlet-pipe-air-filter-cfmoto-oem-0800-1110b0-20000/). Specifically, the rubber boot elbow at the end of it. They said that section of hose was collapsing and cutting off air flow. But only under load and at top end power. So it wasn't something that could be replicated in the shop - or seen while test driving due to where it is located.
I believe a new/upgrade version is available with some sort of reinforcement to prevent it from collapsing. It was mentioned that the foil type heat tape that I put around the intake between the seats to keep dust down and heat out (I have seen soooo many other owners doing this!), could have led to that piping getting hotter than expected and softening - thus leading to it being able to collapse inward.
Sooooo...after 5 months in the shop, $1,500+ in new parts and pulling out what little hair I have left (and the service manager at the Dealership doing the same)...turns out it was a $40 part that took just a few minutes to replace!!!
I was seriously beginning to question my confidence in these machines and this brand. But CFMOTO customer service has made me a fanboy again! Thanks NMKawierider for all of your suggestions and help along the way - keep up the good work!