Hi. For the 110 there are virtually no options available...slightly an odd duck compared to the CT90 and 125m...the cams and cylinders are not directly interchangable. As for your sprocket, there are only 14 and 15 tooth front sprockets available as no one ever made any other sizes for them. Your desire to achieve a 60mph top speed with 50mph is unattainable without major mods. I have owned, modified, and worked 3 different CT110s and the best I was able to achieve was about 57mph on the flat and comfortable cruising at about 47-48mph.
If the bike is running perfectly, you can drop the rear sprocket by 3 teeth. DOn't do 4, it won't pull it. Doing this will also result in you needing to downshift up small inclines that you previously crested in 4th gear. The biggest impact to the power and top speed of the bike was putting a PZ19 carb on it. Yes, they are Chinese, but that carb ran the bike better than the rebuilds I did on the stock carb as the stocker is only a 17mm.
I had done enough research to send a camshaft to webcamshafts.com for a grind, but I didn't think it was worth it. You are trying to get blood from a stone with a CT110...simply not the best platform to build from. Another option is to do a larger overbore with the rear sprocket reduction. The CT110 has a lot of meat on it. The ATC125m, if you mill it short will work as well since it's all steel with no liner in it. I don't remember if you'd need to bore the engine cases out or not with the 125m shortened cylinder, but fairly certain you can punch it to 60mm if you can find a piston for it.
Lastly, you can go down the path a friend of mine has...take the 110 engine out and replace it with an ATC125m. YOu can remove the pull start from it and make a cover, use the electric start and if you break the cases, you can pop a kickstart in there as well. YOu get 12v power and honda reliability. Unfortunately you will do all of that, and just, and I mean just reach your goal, once you port that head and pop on a mikuni VM22 carb...a real mikuni here, not the chinese carb branded VM22.