Two things likely to happen: first you will wheelie so plan on moving your butt on top of the gas tank and, secondly, your stock clutch basket will explode at some point if you power shift often. Fix that and next the bevel gear box will complain about the load, meaning the pinion gear bearings and teeth will be damaged and then fail (probably no fun to ride when the back wheel locks up at about 80mph.) Overall, not a good idea to use a slick on a street bike.
As suggested, use front and rear tire air pressure adjustments along with shock and fork tuning to get the traction you need, but not too much.