Well, oddly enough, I did notice a few strange things starting about a week ago.
The last 2 tanks of gas got barely 30mpg, so that had me wondering... The tank in it now I was measuring very carefully, but think this probably fixed that.
Also I'd noticed a warm breeze from under the front of the saddle the last week or two, but being new to sittin' on one of these, didnt' think much of it.
Also there
is a little dirt/oil on the top rear of the engine case I never saw before...
So there were little symptoms that manifested themselves. but didn't add up 'til yesterday when I looked close to see if I could see where the hot air was comin' from.
Anyway, got the nut replaced with a nice grade 8 nut and lockwasher. Had to pull the V&H pipe guard loose to get the right angle, but did it, got the V&H shield back on.
Looks good, and sounds a lot different all of a sudden... exhaust note deepened considerably at once, so now I'm thinkin' the danged thing might've been loose since I bought it 3 months ago.

I'm sure it had both nuts then, I definitely looked, and it was one thing I could identify with my limited knowledge base at the time.
We'll see how this fix affects things... gotta clean the engine reeeal good now.