Guys. You are misinterpreting the meaning of the check engine warning light. And I don't mean just on your motorcycle!
These warning lights came about to limit the liability of the manufacturers with respect to emissions control systems in about the 1980s, nothing else: If the light came on, you are being told to bring the vehicle in to the dealer to have the emissions fault corrected, which usually meant that the manufacturer's mandated 50,000 mile emissions control system warranty would not be called into play.
They had (have) nothing whatever to do with safety or with the possibility of actual damage to the engine. That's why they're yellow and not red warning lights. BTW: critical failures (a major one is oil pressure failure, another is when you run the engine over the rpm limit) cause the General Alarm Warning indicator (red, the one with the triangle on it) to light. Failures in the braking system are reported by the ABS warning light (usually warning that the ABS system has been fired up) and same for the traction control system. These are both just warnings, though, so the lights are yellow, not red.
The "Check engine" light basically means "Something in the emissions control system is amiss. Have it checked." where the red general warning light means "STOP DOING THAT, YOUR ENGINE IS AT RISK!"
I was driving cars and riding motorcycles long before anything like a "check engine" light existed, and a few years before even emissions control systems existed. Yeah, I'm that old...
Any truly dangerous fault that could cause engine damage or other vehicle safety issues is easily determined without a computer, even on today's incredibly computer driven vehicle powerplants.
The major reason, for me, to not have the check engine light come on is that it's bright and annoying. As I said before, "If the light comes on, determine the cause. If the cause is a malfunction of a sensor on a non-critical engine component, ignore the light. There's nothing dangerous about that..." The most common cause for the check engine light to come on in every vehicle I've owned is a fault in the O2 sensor... and that's just not a component that will ever cause engine damage or has any safety related association!!