Quoted from another site.
....from Ian Gowanloch, for Peter Smith.
"I am not there in person but am in spirit.
A long time ago Pete turned up at the workshop in Belmore with the idea for a very long stroke crankshaft for a Pantah engine. I believe Arthur and I suggested he was hanging onto it with both hands. After he left we looked inside a Pantah engine and agreed with his opinion. We sort of apologised, like blokes do but the next step was to do it. Pete made a pile of the usual exquisitely made bits and I added some shaped bits and Arthur put it together and got the very best out of what was there. It was enormously powerful. It turned a couple of fancy and expensive close ratio gearboxes to shrapnel. It tore the centre out of the clutch. It bent the swing arm spindle. Arthur took it to New Zealand in 1987 and 1988. There was enough prize money to assist in going to Daytona in 1988. The Battle of the twins in '88 was the best race of that class ever. By '89 Ducati had done enough work on the 851 to make one offs ( I can't call them home made ) no longer competitive. The bike that Pete inspired and contributed to qualified second fastest.
It was faster than bikes from the race shops of Honda, Yamaha, Ducati, MotoGuzzi and Harley Davidson. That is, it was as good as the very best that the rest of the world's tuners and factories had to offer. Arthur brought it home. It was raced a few more times and retired. None of us strutted round with our chests poked out and our tail feathers up. None of us sort editorial attention. None of us splashed adverts around extolling our prowess. Not our style. A half dozen years later a magazine wanted an article on me including that bike. I clearly stated it was the work of three people and a talented rider. When the printed copy was published it referred only to me. I rang Pete and Artie and apologised. More than a decade later a Pommy magazine wanted info on me and that bike and I demanded that they include all three people or I would refuse permission to publish. Due credit was given.
The funniest and most satisfying accolades handed out came from Federico Martini, He was responsible for developing the F1 motor from the 650 SL while working for Ducati and then went to Bimota and designed the DB1. He knew more about that engine and bike than anybody else on the planet. A few weeks after the Daytona race he and I were dining in a fine Rimini restaurant courtesy of the Bimota credit card when he commented that our DB1 had gone around Daytona 3 seconds a lap faster than their factory model. 3 seconds around a race track is about the same as a week for non racing people. He asked how big it was and when I mentioned such big numbers he said "impossible". I replied that he had used European superbike rules in the preparation of their bike when the US Battle of the Twins series had no restriction on the use of a standard stroke crankshaft. He asked how long the stroke was and nearly fell off his chair when told. A bit more good food and wine later after discussing the benefits and drawbacks of what had been done he asked the quintessential question common to any development engineer. What did it break? With the answer "everything" we both just quaked with laughter.
With Pete's inspiration and talents and a bit more thrown in by a couple of his mates a bike was built that was as good as the very best in the world. I thought you should know. Now I can deflate my chest, put the tail feathers down and return to normal again. Thank you for listening.
It was a rare pleasure working with Pete, sharing ideas far from ordinary and working to make it all do the impossible. Being a friend was a pleasure. May his soul rest in peace."

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