With - I think - 78mm Pistons, you can re-bore and hone the original liners and use them. Less issues with Oil-lines beeing touched, but thinner liners... Did that on the 1000 SFC, works.
But then... if you do not race the bike or are for the very last horse-power and torque, it is a quite costy experience... 3 new pistons, 3 new rods, taking the crank appart, cleaning, potentially lightening the crank, new bearings, re-balancing, the work, getting the right head gasket, adjusting the carbs etc. - It's a years (at least) project... And to get the most out of the engine, you will then have to open the inlet ports, get bigger valves etc.... Then the exhaust does even more not match the engine and restricts power than it already does... so you invest into a new exhaust, too. Once you have the engine right, you will - if you haven't done so - see a need for better suspension, better road-holding etc. etc. => GSX-R-Rims or similar with more modern and wider tires are a must then... means new sproket, chain and chainwheel... And then the question is: how is the gear-box? RGS are prone to break the main shaft bearing (the one in the engine housing on the right side where it exits to the sproket). The more load you put on one side, the more it needs to transport to the other side... And then you want the bike to be lighter to better turn, handle easier... oh - did I mention brakes? Soon you'll need 4-pot calipers etc.
Can of worms really...
Results can be VERY impressive (gains of 30 HP and more and equal torque improvements are not uncommon). Cost will be between 6.000 and 8.000 € at least for all of this, not mentioning that you will want perfect paint everywhere once you have gone this far...
Been there 3 times, was fun, cost me a fortune, still nothing half way modern... Ride a well prepared Zane. Costs the same, handles dramatically better, performs better in ANY regards and costs the same. Or buy a modern bike like the Triumph Trident (nice little Triple!) or any modern Japs bike, BMW, what ever... Lesson learned. And learned a lot along the way! Wouldn't do it again though. But if you have the patience, the time and - much more important - the money, the lust for the experience - go for it. But don't tell me I did not tell you...
