well - yes and no...
I have upgraded my bike over the years a lot while no welding was involved but a box type swingarm (K&J in Germany) and a fork brace on the standard 38mm Marzocchi (which had a good service but no fancy parts in it like gold valves etc.). I switched from the AG Strada to Konis and had 90% of what I wanted and a bike that handled so much better. But then, I changed to GSX-R rims - oh what a difference with those BT012SS this made... Added YSS shocks on the rear (which are a bit longer than the Konis) and had a bike that handled almost as good as a 20 years younger one (Honda VFR from the 90's). What a difference...
Headstock still original, swingarm-pivots, too, as well as the front fork. For a race-bike, I would consider a longer headstock and a thicker fork with more adjustments, but for street-usage, this is more than you'll ever need if you want to stay half way legal...