Production bikes must be visually identical with one that came directly from the factory, with a few modifications required for safety. You'll need a metal chainguard and metal valve stems and caps, and a steering stabilizer. But you are not allowed, for instance, to replace rubber brake lines with stainless line, even if you claim it's for safety. Stock ground clearance is required. At Maxton we ask you to have a copy of the manufacturer's literature or shop manual so we can compare you to the production vehicle.
Oh, yeah -- production doesn't prevent you from painting the bike. Just keep the bodywork stock. Read the rules and keep asking questions. I've heard of production bikes with big cams and flowed head and bored and stroked -- all quite legally.