That dyno (albeit made to look a bit better than real life) as well as Heatwaves dyno sheet are consistent with the information I have seen. That unfortunate dip in your dyno Heatwave has also shown it's ugly head in other stock dyno's that I've seen. Fullsac also dyno'd a stock 110 with similar but not quite as severe results. Seems as though Harley has done the best they can with government restrictions but obviously, additional tuning is essential to overcome those consistant and rather serious shortcomings. The 110 is capable of so much more.
Its worth noting that I was able to get far more power after my engine upgrade. The engine build included headwork (Hillside, 10.5comp), larger injectors, 58MM TB, Woods 408-6 cams, SuperTuner, Fullsac 2.25" baffles and removing the Cat from the stock exhaust. The build generated the dyno below (108HP 108 Tq). This engine build resulted in a 31hp (40%) increase in power and a 8 ft lb (8%) increase in torque.
I wasn't satisifed with this performance so I have since upgraded the exhaust to a FatCat Boss 2:1 with Ghost pipe. The bike is currently at the dealer for tuning and I should have new performance data by the weekend.