The Powertec Hayabusa is 1500cc (stroker crank), bespoke cams, porting and throttle bodies plus many detail things to make more reliable - mainly in the clutch and gearbox area. I don't know of one without a dry sump either. The revlimit is 10,500 instead of 11,500 for the 1300 but it has much more midrange.
I think it depends on how you prefer you driving - either neat and grippy and fast, or plenty of adjustable and entertaining oversteer on demand. The Radical is much too fast for track days, so the Caterham is far more fun (though still pretty quick!).