Hi Yoda,
Cheers for the reply, yep you're right. The dealer I bought it from wasn't 100% sure hence my question here, I've also rung another dealer who confirms your answer.
As to whether it's been raced\track days I never asked the dealer, but it has been upgraded with Ohlins shock, Ohlins steering damper, braided brake hoses and crash bungs so maybe it has. Also it's got a high level can which I suppose would help with ground clearance. It doesn't look like it's been crashed and is in very good nick for a 10 year old 23,000 mile bike though.
Anyway, I'm pleased with the news on the shock which leads me to another question; I suppose I'll need to track down the manual as I'm guessing the shock settings for rebound and compression in the R1 manual aren't appropriate or are they?
Cheers,
Tony