Why do I get the feeling that someone thinks just because you have more throttle available that the bike will go faster? If that were true, my seven year old six cylinder compact SUV should be able to run about 160+, instead of maybe 90 downhill with a tail wind.
Can't tell you about the current speedometers, but the earlier versions didn't have a stop built in and would wind all the way around into the little window at the bottom. That was before Harley added another hundred pounds of weight, and a cam that dies at 4500 rpm along with taller overall gearing. An honest 124 is probably as good as it will get unless you do some serious work. Considering that batwing fairing and the overall aerodynamics of the bike (like holding a sheet of plywood up to a stiff wind), the suspension and brakes, the 130 mph rated tires, and just the fact that "chit happens", once you've satisfied your curiosity I'd suggest that your Harley will be happiest when you keep it in double digits, not triple. Those who wish to do triple digits on a regular basis need to buy something designed for that, like the offerings from Suzuki, Honda, Yamaha, etc., and then find a track to do so, not public highways with potholes and innocent bystanders. OR, you could just talk your friendly local dyno guy into putting the bike on his dyno and doing a top speed run. Without all that wind resistance, he should be able to get that speedo up to some serious braggin' numbers.
Jerry