Quite splendid. Is this a 92 Explosif Pro? That would explain the green colour, as the Explosif was gold that year but there was also a better-equipped model called the Explosif Pro which came in black but with a custom paint option. Non-standard paint always rings alarm bells, but with the decals being perfectly authentic, I'd bet that this nice green colour scheme is the original paint and if so it could even be unique!
I guess the Marzocchi has got to go if it offends you in two dimensions, but at least it's quite short so it shouldn't be upsetting the steering angle too much - the 92 frames weren't 'suspension-adjusted', so if it was my bike I would be wary of replacing it with anything longer.