I have 3 GSXR's of various ages. My view is the K2 is the pick of the litter. I can't disagree with anything written above; they're pretty much on the money. The reason I like the k2 the best is because of the all round ability it has. it's more comfortable than the later ones, and the fat bottom end makes it much easier to ride on the road. I get between 500 and 1500 k's out of a rear; usually there will be the odd fast ride or trackday thrown into that lifespan.
The k5 is awesome, the k6/7 is awesome as well - but they all suffer from less low down grunt. On the k2, I've put a little time and money to add Yoshi bling; I've tried PCIII vs Yoshi powercube versus cams - plus a little internal work... I ended up backing away from peak power (there is such thing as too much for the street) and spent money on handling, brakes, and the honey like throttle response that the Evil Bitch possesses. My k5 600 track bike is faster on Hampton, but the k21000 is such a rush around Pukekohe, she's a wild animal and I love the Evil Bitch so.
The bottom line is that there's really little difference at this level, they're all good, but pick the one that feels the best, that thrills the most. My latest project is building a SuperLight GSXR - I need some BST wheels, and I'm going to give carbon rotors a go as well.
Its diametrically opposed to the sanitised existence of the Lemmings around me in the Dilbert Cartoon hell I live in; its life at full volume, perfect colour with high resolution and 10,000 watts of amplification.
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