Yes but, classes here in France and in Belgium are up to 750 and up to 1000! 920 or 960 is your Norton limit. (960 is 920 81mm bore with 1007 93mm crank, 'Chris' has the only one I know of)
So I would say no thanks. And I did say no thanks when I built my 750 short stroke, it was to take advantage of these classes European classes I have since run in, and to qualify for the F750 class in the UK. I also raced it in UK 1300 twins when built giving me two classes to race in at each meeting, finishing 2nd in the 1300 twins championship in 2015, my first year on the bike. Last raced in it the last time the class was run in 2017, took home trophies!
1007 motors deliver power and torque and lots of it, the question is do you go any faster? probably but it really depends how well your style and abilities can exploit it My best ride of 2015 was in very tricky wet conditions, I passed quite a lot of much bigger engined bikes to do it! Pretty sure I would have been on my ear on a 1007.
Another reason for my choice was that I was using an original frame. 1007 motors will challenge to destruction any part you fit to a bike, including tyres.
Great stuff in the right hands and for teams that can field another bike for 750s and to run when the big bore bike breaks.
Really 1007s are best left alone by the rest of us! It would be cheaper to build the smaller motor, but not enough for that to be your primary concern for a new build. And of course now that Maney isn't making cranks, cases or barrels, or modifying heads to suit it isn't as off the shelf as it might have been.
And a question for you, when and where did you last see a 1007 motor actually race?
Not sure I have seen one since 2016!