I got a nice reply from Roger from IKON, here is what he said:
The shock fitted is an early Ikon unit, sold at the time that the transition of[/size] [/size]Koni[/size] [/size]to[/size] [/size]Ikon[/size] [/size]was taking place. FYI, Koni (Holland)decided to get out of the motorcycle shock absorber business in the late 1990s (but still keep producing automotive shocks) and essentially sold the global motorcycle shock manufacturing rights and tooling to their long time Australian importers.[/i]
As the name 'Koni' was still being used, the Australian importers (now manufacturers) adopted the name Ikon - all of which is totally irrelevant to your question, but as an enthusiast, I thought you might be interested to know.
So, you have a '7614' series Ikon shock which is oil and nitrogen filled - the nitrogen gas helping to reduce oil foaming during hard use. The '606' spring fitted is a stiff spring whose spring rate is 41-62 N/mm or 229-345 Lbs/inch if you prefer. it measures 235mm long and was standard (Ikon) fitment for the BMW K75.
It's worth noting, although by now I'm sure you're well aware, that the single shock BMWs were very hard on their rear suspension due to their frame / swing arm design. The single shock chassis of that period wears out shocks far quicker than the twin shock chassis. Ikon addressed this with an overall larger shock for 1989-1995 models, the 3610-1009 priced at $600.00 (plus $25 shipping).
While all Ikon shocks are re-buildable, when it comes to the single shock K75s, excessive wear necessitating a replacement piston rod is commonplace (regardless of brand) which along with the usual seals, bushes etc. make rebuilding financially unviable. Better to go for a new shock in other words.
The 4 position dial, commonly referred to in both Ikon and Koni terminology as dial-a-ride, is an adjustable rebound damping system. Position 1 gives a fast rebound; position 4 a stiffer rebound action. Used in conjunction with the adjustable pre-load for the main spring, it enables the rider to tune the shock."
I later asked them to estimate the age of the shock, he estimated around 2000. He also said I could consider a light spring, [/size]part# 235-32/41/52 code 515, which is the same length but lighter wire (9mm instead of 9.5mm which you have now) and a spring rate of 32-52 N/mm or 180-292 Lbs/inch. For now I am going to continue to play with spring height before I would consider buying another spring.