Might be worth asking on the CMRA forum (
http://roadracing.org/phpBB/index.php), they have the Ducati cup in Calgary and I know I've seen at least a few 749s there.
I can't speak for that specific bike, but I know switching between race and street trim is kind of a pain which is why I just sold all my street bits and put my bike to full time track duty. It is do-able, I switched my bike back and forth for my novice season, but I got sick of all that work just to ride on the street pretty quickly.
Pros - well you don't have to buy a second bike to ride it on the street, but that does lead to several cons..
Cons - riding your street bike on the track will lower the resale considerably, since you have to drill bolts, and it is more taking more abuse than a street ridden bike, and if you were to lay the bike down and damage the frame for example, the only value the bike has left is any undamaged parts on it.
I don't have any regrets converting a clean title bike to a race bike, but if I were to do it all over again I would buy a salvage title bike and build it up, makes much more sense financially.