Murray B said:
since a new Manx is $40 grand that means a good used one is still going to be expensive.
Buddy Parriot's Manx, one with a long history of racing mostly in California, recently went for $44K at a Bonhams auction, plus the buyer paid to have it shipped from the USA to NZ, ouch! It did not have it's famous Al Gunter disk brake on the front, and it had new repro crankcases installed. The old parts on the Manx might not be in as good shape as new repros, but obviously historical value steps in and makes up the difference.
Since the prices of original Manx Norton's is so high, the repro-Manx is probably the way to go unless you are specifically looking to own a piece of history instead of a motorcycle.
It is sad that the real vintage race bikes are getting too fragile and too valuable to be run anymore, but on the other hand history IS important, and old original race bikes are rare enough maybe it is time for them simply to serve as the documents used to build the replicas by and run in parade-laps and at shows?
Even when run in classes requiring the production bore and stroke, an original Manx will not be competitive against the replicas that have INA needle big-ends, bigger carbs, bathtub heads, lighter pistons and coil valve springs etc. that give them more rpms and power than was available in the 50's and 60's....
Use and restoration erases history.