mate, first of all, good work on using the search button and doing some stuff yourself, it shows that you want to learn..
Yes, your bike is a cag..
and no 6/60 isnt to tall, i run 7/62 and that for short track, you could try running like 8/56 or something to get more top speed out of your bike but thats just going to give you very bad acceleration and not much bottom end/down low power..
there is a couple of things you can do to get your cag running great,
Something like 14mm carb, jetpro pipe, 2 piece head kit, full circle crank..
I would give you links to all these parts but pocket bike parts website is down for construction so it would be much help, i can though give you Ayden's email address so you can contact him and get some "go fast bits" for you cag..
howtovideo@people.net.au
great bloke and good prices.. also very fast delivery!
thanks and good luck Ty