If it runs good, you can't build it for 1600 bucks.
I hate the trendy cafe-racer bullsh*t as much as the next guy, but this one isn't so bad. Needs help, but look at all it's got going for it. GL1000 front end, alloy wheels, drilled discs, a real fork brace, good tires, hagons, RC header, still has the airbox... Hell, the frame hasn't even been cut up yet.
It would be a damn shame to take all this work, especially if it's been done right, and strip it down to the frame. Somebody should be riding this sumb*tch.