The stuff you have to watch for is the specific SPS kit Red mentioned such as the levers / bars etc. Very difficult to get everything right for the year if you are just bringing up a big stock model to look like one when to many people it was "just a single seat conversion " That's before you start with the engine /cams etc
Only one part of the SPS engine is externally different to a stock biposto and that is the clutch cover, it is alloy on an SPS and steel on a biposto. It could be a telltale point if you were looking at a so called genuine SPS. Referring to the SPS above that I made comment about, I think it's pretty clear from the sellers comments that he doesn't really know what he has got, although of course he could just be making incorrect comments, description or assumptions. He wouldn't be the first person I have come across who thinks he has a totally original bike when in fact it has been messed about with enough to make it nothing like and not as desirable as the owner thinks.
jeez, this thread is just a mine of useful info. I'm also on the look out for a 748 (special rather than Bip hopefully), so I'll hop aboard and keep an eye on this one, if no one minds.
as per previous advice, stick out for one of the special editions imho, ok they arent doubling in value but with proper care and attention are great bikes and hold their value well
ignore what he said.. hes got a lovely sps so is completely biased!! buy the best you can afford maintained religiously by the right people and enjoy