Two possabilities spring to mind. One is that the timing chest is pressurising, the other is that the oil is being pumped in faster than it can return to the oil tank.
In the case of the former, I'd expect a leak round the tappet cover first/as well. However a blocked crankcase breather could cause pressurisation.
The oil returns to the oil tank from the timing chest through a hole or holes in the crankcase. This will also determine the level of oil sitting in the timing chest which ought to be well below the level of the dizzy. The picture below is taken from the inside of the oil tank. The two holes are the return from the timing chest. If this was obstructed, the timing chest could overfill. I suppose if the pump was pumping more than can run back through the hole in the same time, a similar thing could happen but I presume it was working ok with the high flow pumps before?
The holes are between the two idler gear shafts when viewed from inside the timing chest. As you can see on the picture below, the oil level should sit a long way below the dizzy.
To be leaking past the gasket, either the gasket is a very bad fit or it's being pressurised as well as the oil level being excessive, it should only really be getting splash lubed at that height.
So if it were me, I'd check the breather isn't obstructed firsrt. Next I'd order a new timing chest and dizzy gasket then open the timing chest to check those holes aren't blocked. I'd replace the dizzy gasket while I was in there although this is a bit of a pain because you'll need to pull the distributor drive gear and re-time (ignition timing) the bike afterwards.