I own a 99 GP1200 which has the same engine as the SUV.
We have some friends who have a VX110. It's a superior machine in nearly every respect. It's smoother, uses about 1/3 the gas, and no oil, it rides better, way quieter and the power is much more useable.
The GP is still slightly faster and handles a little better, but you can rarely use the extra power.