I bought a 1981 Virago for the sole purpose of customising it and adding my personal touch. The upside is that these bikes are pretty cheap on the second hand market now so major modifications are within budget. On the down side they have a problem with starter motors and bendix gears, but there is plenty of information on the net and places to get them fixed cheap.
The Virago is pretty much the original metric cruiser and was designed to take on HD for share of the market. They did it very successfully and other metric manufacturers follwed suit shortly afterwards
As a ride in original condition I found it to have a high centre of gravity and slow cornering was difficult. This is most likely due the the extra length in the front forks. The hand position of the handlebars is uncomfortable and a set of wider and more ergonomic bars is a must. Feet position is in the original naked position and really needs forward controls. This may also help the handling as well. The engine has the power to match it with the rest of the community and will ride all day without issue.
In all it is a good ride if the right modifications are done. Definitely get your bang for buck
Springer Seat, Forward Contols, custom fenders, custom headlight, taillight, mirrors, levers More to come