Hmmm, yeah buy his R6!

Although I told Jim my motis operandi was to convince everyone I talk to to buy smaller bikes, I'm not sure it's for you. (If everyone has a smaller bike, they're easier for me to pass!:laughing)
I think the SV is great but how pissed are you going to be when everyone passes you on the straight and then parks in the corners where you're not allowed to pass unless you're in advanced? In theory they're good, and I wouldn't mind riding one, but having owned one it comes with a few inherent problems.
Power, sure you can build it up but it costs and you start to lose reliability. Wyatt's SV puts out over 90HP, it's a total sleeper. But he's gone through one motor already this season.
The forks are poor, they're not cartridge type and have no external adjustments except for preload in 2002. Some people put F3 or newer tubes in or upgrade to a GSXR front. Definitely need a rear shock. Then it comes to brakes. Well, they're OK but not the best. Don't forget about tire selection. When I had mine Dunlop wasn't making 208s in a 160 rear and the rear wheel isn't wide enough for anything larger. That might have changed by now. They do make your M1s for it though.
I'm not totally trying to talk you out of it, just realize you'll have to invest in extras and it still wont be comparable to an R6. I prefer a bike that was engineered with all the goodies like a GSXR 750 or RC, great motor, great brakes, and so on. Yes, you still need to make some of the improvements (suspension) on those bikes too.
With all that said, I wouldn't mind riding an SV. But it might get frustrating on trackdays riding with unlimited bikes.
Talk to Dave333. He had an SV for awhile and recently swapped it for an R6.