One item not discussed here is cost. For a fraction of the cost, you can buy a smaller moto, and have more money left for travel costs. I know a traveler who rode through South America on a 125cc Honda, in order to afford to go now.
Bigger moto has more up front cost for the moto. Why delay going because you don't have enough money for both an expensive moto plus travel costs? If budget is holding you back, shave on the moto cost in order to enjoy international motorcycle travel now. It's well worth it; a month at a time, a year at a time.
Gas economy is better with a smaller moto, and gas prices can be relatively high in some countries.
Considering all this discussion, I travel both on a small 250cc moto, plus a larger moto 650cc. Both have their advantages and place.
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