There's a lot you can do with the 175's. I have gotten most my information from a guy named JohnnyB. I do have a brand new big bore kit with rings that will turn your bike in to a 200 with about the same compression that would make for a great caferacer.
I'll meet you soon. I'm doing the track day at Loudon on Friday, and then probably at the end of the month with you and Dave. (Did you know about that?) I haven't got the 175 yet, it is in partial trade for another bike of mine, and I haven't decided whether the deal is worth it. But I think I'll get it. With any luck I'll be racing a Norton and a 350 Honda this summer. But I think I want to get away from the ever so crowded 350 class. AND I am interested in the extra parts you have should I pick the bike up. It is in very good condition, almost so much so that it might be a bad thing to cafe/race, but what the heck, who needs another little Honda running around in stock form.
Definately get the Honda. My Honda was an almost perfectly stock piece of art. I looked at it and thought "hmmm... its only a Honda" so its now a race bike. I would definately turn yours in to a race bike if you plan on racing at all. I learned a lot more about going fast by racing slower bikes. 200gp looks like it will be a fun class. Plus if you decide you want to do something with it, it so far has turned out to be very promising bike.
Also a 66 Lightning is the best bike ever created. In fact that bike is the reasons I love old scoots. Do you have a pic you can email?
I tried to figurer out how to put images here, but to no avail . . . OK, so I am on a Mac. I have to be for my business. If someone gives basic instructions, I'll post a photo. I know it can be done, after seeing the PBR girls. . . . What you missed her?