Flesh
If you rode a gen1 with say K tech suspension , and the full monty jet kit ...you may change yer mind. The diff in bhp between a sorted gen1 and PC3'd gen2 is actually only about 5 bhp, but the easier accessible torquier power delivery on a gen1 will make up for that. Handling wise, IMO there aint much in it between the 2. The gen2 is firmer, steer swell, but also much less sophisticated damping . Having done 14 track days on gen1 and PC3 'd gen2, dont think there is much in it. The diffrence is for me the gen1 is definitely a better tourer. More comfy , and better ergos for fitting luggage.
IMO I would only actually go gen2 for the looks and the finish ( its one of yams best tbh). Cos dynamically I dont think for me the diffrence is enuff to warrant buying a new FZ1...which then needs about a grand spending on it to get it right .This is the nub of why us old hands still stick with the gen1. And...I think its easier to work on , and mod up.
If you could get a decent low mileage gen2 for about £4k, then its worth looking at, cos I would still fit a FCE, do the flies mod, fit a PC3 and get seat modded.Its still not got the power delivery I like though. Especially for roll on type riding.But to pay over 10k for a new one, and then have to do these mods ! No way....
when I look at what some of the gen2 die hards have done with their bikes....feck there is precious stock stuff left... its not a sorted package as stock.I remember my 06 bike was horrible to ride...shit jerky fuelling , gutless then full on power delivery, rock hard seat ..... Initially I wondered just why I had bought the thing...£1000 later it still never felt " sorted"...so I am very hard to convince !