Yep, Custom it is!!
My preferred model, actually. Just a shame they only make Classic styles these days. Customs look just that little bit less poncey, IMO.
Pipes - Continue shopping around. They will be expensive, to be honest.
I got a cheap set of Gemini pipes (full set, rather than slip-ons) off an Italian guy on eBay. Good sound, removable baffles, reasonable build quality... The finish is a bit poor and mine are now suffering, as I ride in all manner of bad weather and treat my bike like a sheer workhorse, but still good value for money.
It's worth checking out some of the overseas sellers. The eBay chap might even have some slash-cuts himself (can't check right now as I'm at work).