Excellent choice young man. I came to my bike via an SV out of a desire to find something more comfortable and a bit more exciting. By coincidence I got it via KLT before Kerry was famous for sponsoring Wellington's answer to Posh and Becks.
Up front, I was disappointed with the power delivery. My seat of the pants impression was that it wasn't as powerful as my SV but much of this may have been due to different engine characteristics. The standard exhaust completely neuters the thing IMHO. The handling was weird at first. The 03-05 models fall into corners, and it is very sensitive to rider input especially with the motox bars. Great if you're a confident rider, scary if you are used to making more steering input. The bike itself is stable as will go where you point it. I had to work on relaxing the upper body, and have slowed up the steering slightly by dropping the forks through the triple clamps. The suspension was way better than the SV but could still be better. I've struggled to find confidence in the front end but that may be down to set up and the fact that I lost the front end on crappy tyres and a cold road in the early days.
These guyswill talk your ears off about the recommended mods. I scored a Renegade full exhaust off tardme, picked up a power commander second hand, deresricted as much as I could, got the power commander mapped by someone what knew what he was doing, and freed up just over 120hp at the rear wheel. More importantly, this removed the awful flat-spot at 5,500 revs that they come with standard and it pulls like I used to, throughout the rev range. It will wheel-stand in second gear if I bounce around on it like an ape or abuse the clutch, but it isn't an uncontrollable wheely-beast like some will tell you. Dropping a tooth off the front sprocket is highly recommended on these things too, but that is probably true of most litre bikes.
Some quirks that have got up my nose are: the parts follow up from Italy and the need for a fully charged and healthy battery. The engine runs pretty high compression and if the battery is sad it will start the bike but in the process reset the dash (clock, trip-meter etc) due to some Italian deal. My experience has been that it's needed a bit more attention than an oriental, but what hot babe doesn't.
In the end, I am loving it still (1&1/2 years) and it suits my riding well. I like high speed touring when the conditions are right and East Coast/Rimutaka hill twisties. It does it all well and I don't mind the wind buffeting. I'm used to tucking down when I need to. They are pretty good value now too. If I did it all again I would try to get one that has been sorted already with the derestrictions etc but it is probably easier to get one via an importer like KLT. They tend to be pretty original though so plan for future spending.
I considered a Super Duke as well, but at the time they were more expensive (might still be) and had small petrol tanks so weren't as friendly for touring. Speed triples are pretty horny too but I like the twins. Ducati's S4r is a well sorted package but my good mate has one and it would have been too twee if I had one as well.
Sorry for the novel.
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