Unless you couldn't hold your finger to the motor for more than a second, I would say it was probably just from running it in the grass and such.
http://www.scriptasylum.com/rc_speed/_top_speed.html
Your currently geared for about 50mph seems about right. What are the ambient temps. Hot days suck, less room to work with if the motor starts at 90-100 from weather.
Gear it down a few teeth and see if that helps.
I was running 16/46 on a heavy basher e-raze in the grass yesterday and got the motor up to about 150 on a castle 2200 with a xerun 150amp. Grass got in the esc and stopped the fan, which runs all day everyday and still kept under 100. Took the lid off for a few full throttles and it got things running a bit cooler.
Get some air flow going and a tooth or two lower and you should be okay.