As i understand it you can set wet, sport and race up to be identical. The default settings distinguish between those by having different suspension, power etc settings.
I drive in sport setting with ebc set to three, abs to 2, traction control to 3 and power to 195hi. I have a 42 tooth sprocket at the rear, pro stock mapping, pcv with auto tune and, mwr he filter, removed the packing from my Termis and ceramic coated both the Termi manifolds and slip ons.
The Dragon Lady is a technical ride in traffic due to her super sensitive throttle, but as the above mods get rid of the mid range power hole she is a pleasure to ride every where and puts 176 hp on the rear wheel at about 1 600 meters above sea level - what a pleasure.