If its a 1200, I think it's pre 95 and it's a race bike.
https://waterfordbikes.com/w/about/history/1993-1994/
https://waterfordbikes.com/w/about/history/1995-2001/
Etc etc
I think you're right about it being a race bike. If I've read the serial number correctly then it was built in January 1995.
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If its a 1200, I think it's pre 95 and it's a race bike.
https://waterfordbikes.com/w/about/history/1993-1994/
https://waterfordbikes.com/w/about/history/1995-2001/
Etc etc