Touring on a Speed Triple is very do-able.
Last fall, me and a buddy went on a ride all over New Mexico, Colorado, Utah and Arizona. Since most of west Texas is a wide, flat wasteland with straight roads that are good for little more than squaring off motorcycle tires, we trailered our bikes out to Carlsbad NM and began our ride there. We parked the truck and trailer at a fenced commercial storage lot for @ $40.00. We covered (on two wheels) a distance just short of 4,000 miles in 13 days. Our original plan was to alternate overnight camping and moteling evenly, but towards the end of the trip we were staying in motels more often than not, as it became hard to resist the lure of a hot shower and a (more) comfortable place to sleep.
Prep-wise, I didn't do anything too unusual for the trip. To carry the camping gear, I made a luggage platform out of some aluminum plate bolted to a spare passenger seat base. Wanting to keep my riding gear to a minimum, I wore armored mesh jacket and pants with a zip-out jacket liner. Whenever it threatened rain or we got into higher altitudes and colder air, I put my rainsuit on top of the rest of the gear. Adjusting the layers to suit local weather conditions kept me pretty comfortable. The combination of a Laminar Lip screen and a tall Cortech Tribag on my tank provided surprisingly effective protection from windblast. Since we planned to do a little dirt-road exploring along the way, I mounted a set of Dunlop D616 tires for the trip. The Dunlops worked out well and proved to be very good in the rain.
I installed a MoTech centerstand prior to the trip, and my buddy packed a pretty comprehensive tool kit that included everything we would need to dismount the wheels and change tires if needed. As it turned out, we didn't have to attempt anything more complicated than swapping out some rear brake pads, but it was nice knowing we had the tools. Both of us carried tire plug/inflation kits too.