"But what do you actually expect to gain in practical everyday terms?"
I want my Commando to be able to get around the IOM quicker than my Ducati 996 could do it.
BWA-HAHAHAHAHAHAHAHAHAHA!!!!!!
OK, OK, seriously, and to be totally honest...it's been quite a while since I have done anything to the Commando and it feels like it's time! I was inspired by Fast Eddies' bike and would like to make some changes BUT keep the bike obviously looking like a Commando, not some sort of marriage. IOW, no Japanese bike forks, etc. So alloy rims/CNW front brake (black), CNW rearset, etc are possible; Mikuni carburetors (for example) are not.
I think I'm going to change the color -to what I'm not sure. It's been a black roadster and currently is a BRG fastback. I like the fastback look so I'll probably keep it as an FB but spray the tank/sidcovers/tailpiece a faster color.

I thought about making it a red roadster, like my original 750 was back in the day but I don't think I can deal with the roadster tank capacity nowadays - stopping every 80-90 miles for gas is just too annoying!
There is nothing wrong with any aspect of the bike's operation and I don't expect any noticeable "improvement" by doing anything I am considering but I thought that whatever I do I'd like to start with things that would reduce unsprung weight.