The pink seat, perimeter framed YZM is around a 91 model. The colours and the Deltabox styled swing arm fit with the production YZs of that era.
Trusting my very rubbery memory, but I don't think that bike was used in the World Championships - all the photos I've seen, show it being used in Japan.
Pretty sure that the older YZM500 is more like 1987/88 than 85 - at least in that (watercooled) spec. There was a similar, earlier air-cooled, power-valved YZM500 which is more like 85/86. It was definitely used in Europe, in the World Champs and stuff like the Le Torquet (sp?) beach race.