Hi Kelbor, welcome from another newbie.
I've only had an SP2 and haven't yet had a chance to do many miles on it. However, from the research I did before I bought, it would seem that the SP2 is the more user friendly bike (although we are talking pretty marginal differences here I believe). Both bikes are injected (I'm 99.9% sure of this) and the fueling on the SP1 was pretty awful (apparantly). It's not perfect on the SP2, but should prove to be smoother at small throttle openings. I guess a power commander and some time on a dyno would sort either bike. The swing arm is different on the SP2 (slightly less stiff I think) and the ride generally slightly more refined (a few engine, chassis and suspension upgrades thrown in), always remembering this ain't no cruiser or tourer!
The SP2 makes slightly more power (all of 3 horses) has marginally more torque and is a touch lighter.
It seems really there isn't a lot in it - depends on budget and whether you're looking for new or used as to what would be the "better" bike.
Obviously the black ones are best
Hope this helps a bit.
Cheers,
Hedge.