Beyond the joy of playing with it I can't see why bother.
MUCH cheaper to just get a new scooter compliant with all current emissions
WHere are you going to get the drive for the valve train and how much power are you going to lose ?
Gas flow in a 2 stroke has a HUGE impact on performance and emissions, can't convince myself that the restricions of a poppet valve won't screw it up completely.
However, soudns a fund project to play with ... jstu don't expect too much of it and make sure you've other transport
"A woman without curves is like a road without bends, you might get to your destination quicker but the ride is boring as hell'