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there seems to be an abudance of people with the impression that Honda / Yamaha make the best chassis in the world, no what they make is a great bike but don't be fooled into believing it can't get any better, if that were the case they would stop development and just use the same bike year after year. Companies like Suter, Kalex, FTR etc all have a massive amount of experience in chassis design, why would a Kapex with an M1 engine not be better than a full factory built bike.
I think the leased engines, at the same spec as factory bikes would certainly give those using them at least a chance, mayb with a view of going fully to F1 / Moto3 route in a few years, anyone disagree Moto3 this years probably created the most exciting races!?