My understanding is that the very first Montys were in fact formula's that were supplied with a few bits missing which got fitted in the UK, such as the seat and faring, plus front mudguard which were made by screen and plastics in Redditch, the fuel tank was an Alpino one painted orange,so the first Montys would have formula type gearboxes,I raced on e of these Montys in 79/80/81. I have no idea how many of these we got, but at some stage it changed to being Alpino based with a few bits fitted as before, Donkeys years ago I was talking to Massimo and it seemed as though he was unaware that Montys were being sold in the UK, which were not Formula based, but converted Alpinos,which would have been amuch cheaper production route.
CLEM
PS Formulas were built for a low cost race series by Moto Laverda in Itally (the bikes and the series) The spec of the bikes was strictly controlled and enforced, even to having scrutineers useing "cam gauges" to check that you hadnt changed the profile of them,you were supplied with the lighting kit, but this was not fitted, the idea being that after your year or two of racing you rebuilt the bike and soild it on to a road user.