I might be able to help narrow your search. I don't know where you live but assuming you have a title for the bike I'm pretty sure all your state is concerned about is 1) Safety (i.e. headlight, brakelight, etc), 2) Possibly noise (i.e. exhaust), 3) Possibly emissions.
So your questions about motor mods, suspension, and wheels may be moot. Check w/ your state's DMV. Check out their website.
In Virginia you need a title for the bike to get it registered to be ridden on the road. You also need a safety inspection which in my experience has been nothing more than a guy at a certified inspection station checking the headlight, brakes, and turn signals.
I'm sure that there's more to it (for example, you can't put a 4-wheeler on the street).
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