I've said it before on a different thread, but old guys are allowed to repeat themselves, right? Truing a bicycle is wheel is possible but once they get so bad they are nasty and tricky. Truing a motorcycle wheel has got to be worse, and probably deserves to be done by someone with more than just casual knowledge or experience. Flat spots on the wheel are always hard to remedy. They can cause the tire to wear in specific spots (potential for early failure if ignored). Were it my bike, I'd decide whether I heard, or felt that flat spot, or detected its effect on tire wear. If none of these were obvious I'd ignore the flat and stay aware. If its detectable in a significant way, I'd take it to someone who could demonstrate experience, knowledge, and a willingness to remedy your problem. A failure or damage to the wheel in the wrong hands, could mean a highway accident (usual price much higher than $80/hr - equipment, ambulances, orthopedic surgeons, you know the drill). One possible non-invasive cure to think about would to use the balancing beads to see if they would happen to take out some of the vibration, bump, or skip that is likely to be there if the flat spot is bad. The rubber can take care of some flatness, but it might be time for a new wheel if the flat is so bad that it does not. Good luck and act wisely when possible. Tom