I am a Guzzi man, and have restored and had a few over the years, just waiting on a T3 that has been stored for a few, (20) years, the guy is humming and hawing about selling. Best buy was my £75 Mk1 Le Mans write off, which had managed the usual spit back through the carbs, go on fire trick. I restored it from scratch way back in the '90s', here is a link to my 1000S which I restored and sold on , it was a keeper but I got a daft offer from someone who had bought a couple of bikes from me before.So, I'd probably stick with the XSR700...though a Motoguzzi V7iii Special is calling pretty loudly at the moment!
MOTO GUZZI 1000S last day - YouTube
they are a strange breed the Guzzi's but once you have an affinity you are hooked.
The V7 is a lovely bike, but Tigerjohn, I would hold on, as I believe Guzzi are bringing out a Roadster later this year with an uprated engine from the V80TT, it's an 850, which is lovely, may just be tempted myself, but for the moment the XSR does it for me.