Geoff, I saw that kit on you catalogue listing-wondered exactly what it was-now I know. Looks tempting as many frames from narrow 71 through std 74 are available here from time to time.
There are likely still more actual GP and converted frames here in US, but they seem to be the holy grail or something. The GP and conversions still run Sportsman in AHRMA( which is like pre-75), but must be limited to 4" or wheel travel here as well.
As far as that rule, it has been here forever. I see where you can be at a disadvantage on a 73-74 250 Maico being a 4spd and all. That said, the 250 Maicos-until the 81s were not the rocketships of the 250 class anyway.
Still, the only other era bikes which come close in handling are the Monty VR,Ossa Phantom, Bultaco, and KTM-though the KTM is very heavy-a GP Maico still outhandles them IMO. Well, the KTM actually handles as well with laydown shocks (agian limited to 4"), and has great power, but the shifing is notchy, and you feel the weight. Again just my take on it.