fwiw, the payout on my '05 was $5800 which more than covered my repairs (like you're planning, i did all the work myself).
the bike was
NOT salvaged. i was shocked. i know book value and i think i just got lucky.
of course, my crying like a little girl may have had an effect as well.
"PLEASE SIR, DON'T TOTAL THE BIKE! IT'S ALL I HAVE!
WELL, THE BIKE AND THIS CHAIR.
OKAY, THE BIKE, THE CHAIR AND THIS LAMP BUT THAT'S ALL, I SWEAR!"
i was able to save some money by buying parts for some great folks on this forum and also ebay.
my gas tank (painted new for my bike in england) was the most expensive part at about $765 and took a month to get here.
that's actually a terrific price for a painted gas tank (for any bike anywhere).
the mufflers were the 2nd highest cost part at around $460 (parts and labor).
the truth is that my bike is probably in better shape now than before the accident.
if i can be of any help or if you'd like to discuss privately, just shoot me a message.
all the best!