Hey guys,
@jim: on closer inspection of the engine block there did appear to be a bit of oil leaking from a connector on the engine block, right hand side facing along the bike, a few inches from the rocker cover and a very small amount from the rocker cover itself. What would the process with dropping a new engine in? Mainly in regard to camchain adjustment, carbie sync, etc?
@blur: if you meant power as in electrical, no i didn't. Engine is another story, she seemed sluggish and slow to respond and stalled out if i let the revs drop too low. Seemed hesitant to start without cranking the throttle a little.
@dick: thanks for the link mate, saved in ebay watch list and i picked up a headlight mounting bracket from the seller (Bike Parts Sydney) in the past which i was guaranteed was straight, low and behold it was so i'm inclined to think they're trustworthy. Pdf of manual now downloaded and printed

@gosling: yeah i have held the desire to keep trying to start her at bay and have avoided trying to sort it out myself, oil changes, spark plugs, etc i can handle. Loud scary engine noises i know i'm out of my depth. Apart from a slight disassemble in an attempt to clean her up a bit i'm leaving it all for the mechanics. While i love tinkering i figured this was well out of my league.
Thanks to all of you, the advice is greatly appreciated so now it's the waiting game til tuesday when i can hopefully organise to have her looked at. Cautiously optomistic that its something a little less intimidating than a munted engine but i'll take it as it comes. And it just had to happen two months out from being able to upgrade to a full licence and a ZX7, bah!