In the open class, bike specs will probably make a bit of a difference.
But in the 140 stock class, I don't think anything other than your tyres are going to really make much difference.
Take Rich Cooper for example, or Dayne Blackburn.
Both fucking excellent riders (2 of the finest!), Granted, Dayne runs a bike which is spec'd to the hills, but still capable on something standard.
Rich runs a CRF50 for christ sake!
This one to be exact:
The front disc brake is a bit of a recent thing. The last time I rode with him, he was on drum brakes front and rear.
Springer forks (CRF50), with a vertically mounted damper, and a decent set of tyres.
He can comfortably run at the front, and them some!
Do not be fooled with the requirements of a highly strung bike. Ride it, as long as it 'feels right' to you, then you'll do okay.