Hi Jay -
You must be pleased to have the bike back and to be able to use it after 20 years!
My opinion only, but I’d personally not be looking for a “modern” equivalent. I’m sure others will know more than me about these things, but I’m sure some of the modern components will give a marginal gain, but I believe part of the charm of these older bikes is that they are a bit more effort to ride than a modern machine, where every action is effortless and safe.
I have a period AP Racing master cylinder on my SP5, so I’m not adverse to having non-OEM components on there.