Remember that you need to lock-wire your bike pretty significantly for racing series. Anything with fluid behind it needs a drilled bolt and lockwire, RACE and CSBK require wired caliper bolts and RACE wants the headstock nut as well (unless that's been reversed). The pinch bolts need to be wired as well, and I've heard that they want a clipped rear axle in some series, which means replacing or drilling it for several models, although every GSX-R I've owned had a pre-drilled axle and castle nut.
It's a bit of a pain in the #$% but I lockwire mine to standard just for the added safety.
As for speed, seat time and a methodical approach to better lap times are required.
I figured as much with the wiring. I'll get the new bf to do it. Then I can learn without spending a retarded amount.