The New Zealand racer set the fastest time of the week so far on his Superbike 124.888mph before achieving the fastest ever lightweight lap.
His 118.812mph lightweight lap on a 250cc Honda was well within his own lap record, set in last year's race.
Both Classic TT and Manx Grand Prix riders recorded timed laps in the best conditions of the week so far.
There was also a noticeable improvement in times during the Manx Grand Prix qualification, with local riders leading the way.
Glenn Harrison posted the quickest lap at 117.55mph, closely followed by Jamie Williams (117.23) both on junior machines.
The top 15 riders all posted laps in excess of 115mph, whilst Northern Ireland's Daryl Tweed (112.855) is currently the quickest newcomer.
Five riders came off during the session.

The X-Men star unveiled a plaque at the University of Huddersfield and watched a performance devised by drama students.
The site was previously known as the Milton building and is a Victorian former church.
The actor was born in nearby Mirfield, and was the university's chancellor for more than 10 years.
Sir Patrick said he was "very proud" of the honour.
The classically trained actor, known for his roles in Star Trek: The Next Generation and the X-Men films is currently on tour alongside fellow actor and friend Sir Ian McKellen in Harold Pinter's play No Man's Land.
Other university buildings have been named after local historical figures such as factory reformer Richard Oastler and the BrontÃ«s.

Media playback is not supported on this device
Well 68-year-old Paul Mounsey is living proof that you are never too old for it.
"My category is 45 plus...so I'm racing against guys 20 years younger than me," says Paul who started riding just five years ago aged 65.
"I saw the BMX and I thought 'I'd like to give that a go at this' and here we are!"
Find out how you can get into BMX, no matter how old or young you are, by visiting our cycling activity guide.

Southgate, 46, has just concluded a four-game stint as interim manager following Sam Allardyce's departure.
He will be interviewed at St George's Park by a panel including FA chairman Greg Clarke, chief executive Martin Glenn, technical director Dan Ashworth, as well as League Managers' Association chairman Howard Wilkinson and former England defender Graeme Le Saux.
The FA insists there is no time frame on when an appointment will be made, with England's next game a friendly in Germany in March, and the final decision will be taken by Clarke, Glenn and Ashworth.
The organisation is determined not to be rushed into an appointment and wants to conduct a thorough process, although no other interviews are currently scheduled and Southgate is firm favourite to take over on a full-time basis.
He is ingrained in the FA system through his work as England under-21 coach and has impressed with his demeanour off the pitch as well as the manner in which he has taken big footballing decisions, including dropping captain Wayne Rooney for the World Cup qualifier in Slovenia.
Southgate has left England top of their World Cup qualifying group after victories against Malta and Scotland at Wembley and a goalless draw in Slovenia. He also presided over Tuesday's 2-2 draw with Spain, in which the visitors scored twice in the closing moments.
England next play in March, with a friendly against World Cup winners Germany in Dortmund, followed by a home qualifier against Lithuania.
The FA will want Southgate to deliver his vision for England's future following a series of failures in major tournaments. There is also likely to be a review of his brief stint in control of the national team.
FA chief executive Glenn said after Southgate's final game in interim charge: "Clearly his candidacy has become much stronger. We just need to weigh up the facts and take time to make the right decision."
He added: "His candidacy is not just based on one or two matches, but because of what we've seen over the last couple of years.
"He's got renewed confidence and is a different manager to what he was two years ago. So it is not all about assessing him on a few games."
Bruce Anstey again set the pace in the third qualifying session for the 2017 Festival of Motorcycling on Wednesday.
[NEXT_CONCEPT]
Actor Sir Patrick Stewart has had a university building housing a drama department named after him.
[NEXT_CONCEPT]
BMX racing is a young man's game, right?
[NEXT_CONCEPT]
Gareth Southgate will meet the Football Association hierarchy on Monday for what is effectively his interview for the England manager's job.