If I were looking at a 2003 V11 (Sport? LeMans? Ballabio?), I would want to sure if it is a true 2003 or a "Carryover" of the 2002 configuration:
That you say there are service records/ receipts is encouraging. V11 that have belonged to members of V11LeMans.com tend to have the known issues seen to.
As for the motor, " . . . the least of your worries ", as Pete has said.