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Vibrations could be rooted in the throttle bodies not being in sync. Do a TB sync if you're up to it and have the tools.Changing suspension components won't cure vibrations but it does have the potential to give a better ride. The poor suspension is the Achilles heal of the V7's.
Upon reading the OP my first thought was to wonder if he was lugging it.
At 70 mph?
As another member posted, please tell us where you're located. Someone may live near you who owns so you can get a comparison. Also, which model V7 do you have? Twin throttle bodies or single?I've owned two V7's and have never experienced what you're describing.
Just boght a brand new left over V7 from Kustom Workz near Buffalo NY and totally loving this bike! Have owned many thumpers and Harley's and I find no more vibration in this bike compared to the others. I definitely agree with others you should try another V7 for comparison.
Speaking of oil problems, after completely draining the oil, replacing oil filter, "measuring" and adding 2 liters of oil, running the engine a few minutes, letting it set for a bit, checked the oil on the wheels straight up and dip stick screwed out, as Guzzi directs in the manual I found the dip stick is grossly out of wack for the hash mark indications of full oil indication!!!! Checking the oil level on the dig stick shows the oil level at about 1/2 inch above the hash marks!!! I put about 1k miles on the bike and checked the oil both on the wheels and on the (add-on) center stand a few times with the same indication, about 1/2 inch above the hash marks. This is crazy and I don't know what folks who don't do their own oil changes think when they check the oil level when the dealer does the service??