Sorry for very long post, hope you all manage to get to end OK
Basically there are only two types of caliper, opposed piston (rigid mount 2, 4, 6, 8 piston) and sliding mount, usually single or twin piston. (3 piston designs /sometimes usually have linked brake with center piston operated by footbrake, some 6 piston calipers do same)
Good idea to check before buying used.
Early Honda used a single piston pivot mount (Yamaha used similar as well at one time)
Which is better?
Well............................ I don't think anyone uses single sided calipers on supersport bikes (VFR Honda is Sport Tourer)
Whatever type you have, the surface area of caliper piston is matched to master cylinder piston.
When new, the 'pivoting'/'floating' type won't have excessive clearance and will feel very similar to fixed type and have same travel at lever (or whatever manufacturer decided)
You don't use an oversize master cyl to move more fluid, if you did the 'leverage' (pressure ratio's) would increase to get adequate pressure at pad..
You'll find rotor to pad clearance is deciding factor how far lever moves
I think the Buell uses smaller diameter caliper pistons than the Honda
Floating rotors are a different thing all together and dont require any extra fluid or lever travel.
Several bikes use or used floating rotors with sliding caliper (eg, Suzuki Katana, 1998~2007)
The reason is, float is to prevent distortion (due to thermal expansion), not to centralise the rotor between pads.
The only bike's that used true 'FLOATING' (actually siding) rotors was the inside out disc Honda, particularly CBX550, VF400, etc. (may have been a few more but I spent a lot of time making those particular ones work)