can not wheelie with traction control on. i sometimes forget to turn it off when i want to wheelie and it shuts me right down as soon as the front tire leaves the pavement. very abruptly too, slamming me almost into the windscreen
Exactly. On a bike that only has traction control (and not wheelie control) a wheelie looks the same to the computer as a spinning back tire. As the front tire comes off the ground, it immediately starts turning slower than the back tire, so the bike reduces power thinking the back tire is spinning.
As someone said above, I don't think the C14 has the sophisticated traction control as a pure sport bike designed for the track. When you are at full lean, the parameters for reducing power when breaking traction are likely different than when the bike is upright. I've read, but can't confirm, that ABS reacts differently when leaned over as well.
Another point to consider is that when riding on the street, you are more likely to loose traction in a curve due to gravel, sand, water etc. At that point your slide is lateral, not the same as a spinning tire - so don't think that traction control will bail you out in those conditions.