A couple points...
Don't waste another dime on the Lifan. Even a Jailing 125 with a 146 kit and 27/23 head, will kill it.
TB Parts makes the kits, heads, etc. The linked vendor, T-Bag USA is merely a parts peddler, who hires a car mechanic to assemble "his" engines for sale. There are other, legit builders/retailers.
125HO has the same 27/23 valves as the other 140-150 engines, just a smaller 54x54 and shorter 69mm tall cylinder v the 78mm tall one on the longer stroke motors. It has a 4-plate clutch. "Daytona style" ignition is nothing fancy, same smaller rotor as a L150. YX140/150 rotor is lighter yet.
There are no bolt-on bore kits, but one can shorten a TB 57mm cylinder to use. If one is a machinist rather than a re-boxer. Makes 138cc.