Firstly, thanks guys for the advice!

More experience here than you can shake a stick at!
More details about the bike - standard tyre sizes, back end (Ohlins shocks) raised up by ~1" with risers, eccentrics in stock position, tyre pressures 36fr 38rr, low and narrow handlebar, steering damper fitted, front forks in std position on yokes, probably run the forks much softer than most (otherwise found that they lost grip as they jarred from bump to bump), sag set for my weight.
Hoffy, never had a road2, had a PP and that felt much worse than the M3.
Isle of Ninja - been the same, no diff whether rear tyre was new / shot.
Dave #3 - I like the fact that it turns faster than stock, just not the speed that it "falls" into corners. No problem in fast corners but in slower ones its a pig.
Strika - agree on the PPs. Not just this tyre but any of the M3s on the 12. Can't really remember back to the 11 (2 yrs ago). Although the one set of PPs on the 11 were worse than the M3s.
Isle of Nija - I'll check the wheel alignment (article in this issue of AMCN) next. Pressures are 36/38. Are you still using the Pirellis?
Phil - not Hoff approved. I'll try the alignment first.
Hoffy - bargain! - cheaper than $50 shipped.
Ausjc - tyres are for a road bike. A posting a couple of years ago on this site said that Pirellis were recommended by a particular performance shop for heavier bikes but I can't find the thread now. Don't know if the shop just sold Pirellis or what, just remember the thread. As in the opening posting - Perfomance mag's compo found Pirellis to be neutral.
I'm going to check the alignment at the weekend (will do a mate's ZX6R at the same time).
Again, I appreciate the advice and time taken to respond. I'm trying to separate the quick turning which I like (from a raised rear end) from the speed of falling once you start to lean over. Bloody hard I tell you.
All and any advice welcome.
Cheers,
Tony