I have forward controls and I like them. Depending on how tall you are can be a problem, I'm 6ft tall. You lose a little bit of a leaning angle. I've scraped the bottom of the pegs a few times.
You joined 3 months ago an your trying to say 10hp lost is nothing. I'm pretty sure it's 10whp loss which is a lot. That's losing over 10% over a stock Gen1. When a proper exhaust an jet kit can gain over 10% whp. It's been proven for over 20yrs.
I don't an wouldn't give anything. It's hard enough to be competitive with a almost 30yr old bike. But I make it work, anything from a dig to 90 or 100mph. I can make just about any bike worry about losing. Unless they have launch control with finger up shifts.
I grew up an live in Muncie Indiana guess where the GM muncie 4spd was built. I seen/rode in just about anything that GM offered in a 4spd. It did help my dad worked for GM from the late 60's to the early 90's.
Your defeating what a V-Max is all about. From a dig is where a V-Max shines. I've had my ass handed to me more than once from any sport bike 1000cc built in the last 20yrs. From a 30 to 60 roll to 100 your only going to shift 1 or 2 times. Roll racing bikes is for people that can't shift or...
2.02in 1.64ext valves double hump heads cannot compare to even the cheapest china heads today. I've never seen a 2.2" intake valve, that's over ½ of the bore diameter even if its bored .30 on a 4" bore.
I didn't know Blueprint Engines had there own Blocks now. I still have a 70's 351w with 25yr old iron Dart Sr heads. But the only thing Ford is the block.
You know you can buy a different sets of foot controls an seat modifications. Raising the rear will just make the bike handle worse than stock without a lot of other modifications. Is it the angle comfort your setting or leg an arm movement. I went with forward controls an a 2" riser with angled...
Anything removed from behind the back of the exhaust will help. Isn't anything worse than fixing a leak on the slip joint right rear. If you have a aftermarket exhaust.
I know Billet Bike Bits has a few different options for the Gen1. I have his forward controls an lever's. It just depends on how much you want to spend.
Have you looked at Billet Bike Bits? He has triple trees. I have his forward controls and levers.