Interesting plan. How tall is he? My son wanted to race his KX65 "just one more season" a few years ago when he was pushing about 80 pounds. I got heavier springs, a one millimeter shorter pair of link bars to raise the rear end, dropped the forks all the way down in the triple clamp, and added the handlebar riser kit that puts the bars an inch higher and further forward. I even went with heavier weight fork oil. After five races he admitted the bars still hit his knees. We were finally done with 65s, but not after a big layout of time and cash.
Although I understand the plan, at 118 pounds the stock suspension won't properly carry him. If he starts jumping even a little, he'll be bottoming out, and that's when stuff breaks. Also, you need to be careful of frame cracks, especially near the motor mounts and the subframe tubes.
They're great bikes, don't get me wrong, but they're small for a reason.
deadhead