Dirt in the cruise set button?
This is what was going through my head as well. Some cars have a vacuum bladder for the exact same purpose. Older cruise systems use vacuum to operate, like our 1500's. The gradually slowing down problem is my tip off.There isn't enough Vaccuum in the bike to work the Cruise effectively so they have a cannister under the plastic on the left side of the bike. Take the bottom plastic that's the one with the big vent in it. the black cannister is mounted on the frame up near the front of the bike. Check the hose connection mine was cracked leaking vaccuum I had enough slack so I just cut the hose off about an 1/2 inch then used a tie wrap to hold it in place presto chango it worked. The other thing is if you have aftermarket handles sometimes they don't make complete contact with the switch so because there are 2 switches there and the top one is for the brakelight you will think it's ok. But check and make sure both switches are being engaged. Truthfully tho it sounds like a vaccuum problem...
I understand your logic but the part that bothers me is that the "set" light will not illuminate. That wouldn't be a vacuum accumulator issue???There isn't enough Vaccuum in the bike to work the Cruise effectively so they have a cannister under the plastic on the left side of the bike. Take the bottom plastic that's the one with the big vent in it. the black cannister is mounted on the frame up near the front of the bike. Check the hose connection mine was cracked leaking vaccuum I had enough slack so I just cut the hose off about an 1/2 inch then used a tie wrap to hold it in place presto chango it worked. The other thing is if you have aftermarket handles sometimes they don't make complete contact with the switch so because there are 2 switches there and the top one is for the brakelight you will think it's ok. But check and make sure both switches are being engaged. Truthfully tho it sounds like a vaccuum problem...