Take the radiator cap off, start the bike. You may see bubbles in the stream, as the rpm and temperature come up. Look at the spark plug, black and wet? Sometimes you can smell it, its smells sweet. Sometimes you can see it, white smoke. Rig a pressure test into the spark plug, with the piston at tdc, may show in the coolant. If you pull the head off, you may see where it has been leaking. Test your cap should be on the list first, come to think about it. It can look and run great, most times it seriously will run better than ever, right before it blows up, literally. I have read many manuals, not 1 has ever said anything about "looking" good. Take apart and inspect at regular intervals. That is measure and inspect for signs of wear. Again, parts MAY look fine, and be worn out. Start with the easy stuff like the cap, or even normal displacement of fluid. The pump can be suspect, that mixes with the tranny oil, usually. And to some it may run great, have you ever seen a steam engine?