My G5's speedometer is also very close to being correct.
Just yesterday I rode past one of those radar units that has a big numerical readout to tell drivers how fast they are going.
Usually when I pass it, some other car is close to me so it picks up their reflection but this time, I was all alone. It still had trouble seeing my reflection and it changed its mind several times about my speed as I approached it.
When I got about 50 yards away it finally got my speed and showed it to be within 2 mph of what my speedometer said I was at.
I think the real problem is the speedometer drive was made for 19" wheels and RE uses the same speedometer and drive on the 18" wheels.
Being smaller, they turn faster so the speedometer shows the faster speed.
Mathametically, the difference between a 18 and 19 inch wheel is 1.06. That's 6 percent faster for the 18 inch wheel which shows up as being about 53 mph if the motorcycle is actually going 50.