I launch at around 2.5K. I haven't tried higher, but I can imagine it will force the back wheels to spin excessively. Remember kids, spinning ain't winning.

 

But they show them spinning tires and doing 6' wheelies on the fast and the furious so it's gotta be faster right?

 

That clutch smell is because you rode it for too long and didn't let out quick enough, you were just riding the clutch. It's okay if it happens a couple times, but continuously is when you'll start having problems. I know this because I did the same thing on accident lol.