I wouldn't let a 117 walking away from you be the driving factor to make a change. There will ALWAYS be other bikes faster than yours, and yours will always be faster than other bikes.
I faced a similar situation in 2016. At 83k miles my '06 needed a rebuild. Jim at Metal Dragon tore it down and found the crank was seizing up. I hemmed and hawed between an S&S crate 131, a 110 rebuild or keeping a stock CVO 103. I decided on rebuilding the 103. Jim had the crank balanced, welded, and plugged with the crank bearing changed to Timken. The only other changes were S&S lifters, .583 cams and SuperTrapp SuperMeg 2-1 exhaust. The bike dynoed at 98hp and 113tq. The numbers didn't mean anything to me, but the ride did. The bike pulls hard and strong. No problem riding the Rockies with my wife on the back. I decided to stay stock as I tour a lot, and wanted most everything to be HD in case I needed work on the road at a dealership. I decided against the 110 after following the woes of many of the 110 owners here. I couldn't be happier with how everything came out.
In 2012 Jim at Metal Dragon put in a Baker DD6 speed transmission. I think it's one of the best modifications as it drops the engine speed at cruise. Sometimes I forget I have it and surprise myself with the extra gear!
Hope this helps.