I converted my 748 to 996 sps,
Everything has pretty much already been covered in the thread so far.
I was lucky enough to come across a crashed 996sps. I swapped over the engine, injectors, exhaust pipework, alloy subframe, rev counter and P8 ECU with the two power amplifiers that sit next to the P8 on the subframe.
The rev counter for the sps has a different pulse rate from the 1.6 ECU as I found out.

The part numbers are different for the two. Its expensive new and I was lucky to get one from e bay after much trail and error.
The looms are swap-able but you will need the 996sps part of the loom that fits to the P8 ECU and the injectors part of the loom. ( I cant remember if you can get away with the 748 part for this as it was ages ago that I converted mine.) Um, Coils and other bits are all ok for the conversion. Including headlamp and battery looms.
Im sure that there are other ways of doing this but this is the way I went for ease of swapping over. The 916sps or 996sps have the two pick up points on the alternator side, hence the P8.
Hope this helps?
P.S. I ya check out my gallery pictures, you can see me setting up the engine for squish etc and doing a quick rebuild/refresh on the old girl.
I know that you are looking at a bike that has already been converted so if its done right, then it should be like a "sps" with no tag on the yoke really.
DC.