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Dr Nick,
The suggestions of looking at the tires are right on. One other thing that affects handling is the tension of the the bearings in the triple tree. It probably isn't that but keep it in mind.
Since you are the new owner of this bike you really need to preflight check it. Look at everything, all fluid levels, chain tension, rear wheel alignment, brake pads, all lights, and especially the tire pressures. Tire pressures really should be checked before every ride, at the very least weekly.
Regarding high speed stability with bags, I ride a Sprint Executive and have done 115 mph (calibrated, not "indicated") with a tall windshield, all three bags on and a duffel on the pillion seat with no stability issues. The tires were Avon Azaro IIs.
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