Well its a good thread , cos all of us will be in this situation at some point...like yerself I have dallied with several bikes over the last 10 yrs.I still came back to the fazer , and now run 2 bikes at a time, so I always have an alternative twist to my biking. I believe this is important , and it serves to help reestablish just why you do ride a certain bike.
The other point is that the gen1 is not an expensive bike to buy , run and modify ...if you compare to buying almost anybike out there as new...cos the cost is getting way past 9k now for most 1000cc bikes.
My thoughts at this point in time is that I actually run a touring bike alongside the fazer , after 5 years of having a supernaked as its stablemate..as I now feel the fazer is too powerful for the bimbling and alpine stuff I tend to ride on my touring hols.Superb on the motorway of course.BUT with such a big emphasis on speed at the moment in parts of europe, I have picked a less frenetic, better handling , better ride quality . more sophisticated bike for touring, and have put the fazer in the role of hooligan bike ! ...which it does quite well along with so many roles. ...as well worn footpegs and rapidly disappearing rear tyre will testify ...
Opinions and needs change, but my advice is to keep the fazer if you can, and try alternative bikes.Personally I think the current gen1 alternatives ( versys 1000/ ZX1000SX) are expensive underpowered versions of what a decent modded gen1 can give.I did try th eVFR1200 but like you disliked the riding position, and its just too top endy for what I wanted( although I still feel its a great bike). Liked the explorer but felt like some others its clumsy, and not finished well enuff as a premium bike purchase, plus I have experienced triumph residuals and they are poor.So I bought something else.
I am toying with the idea of buying a third bike...something slightly left field too....probably another triumph, but not new, so I dont take the loss!