If you can source parts, then you're good to go
I do the initial oil change after the first 20 minutes of operation. The oil usually looks like metallic paint! The next two are done at 50 mile intervals, the next four each 100 miles. By the time you have 500 miles on the motor, the oil should be relatively free of metalflakes. The metallic particulates seem to go away in fewer miles on Honda motors.
I normally change oil every 200-250 miles. That works out to about 5 times per season. Considering that the engine only holds 1 quart with external cooler and lines, it's
really cheap insurance.
Outside of North America, there are far more people using big displacement motors. There are several 120s being sold there and most seem to be assembled from a mix-n-match variety of component parts. If the person dealing with the PRC factory specifies quality items, then the motors have a good chance. Unfortunately, too many people are only concerned with price and the Chinese have no more cost-cutting magic than anyone else. That's what makes this issue so tricky. So far, the reviews have been mixed with some catastrophic failures. Some claim to have swapped-in a few key components and made them very reliable. The one universal is soft shift forks. As long as you aren't thrashing the gearbox, this shouldn't present any problems.If you're supercrossing...well...consider yourself warned. Just look for any sudden surge in metal filings in the oil. If you see this, then the transmission suddenly starts misbehaving, expect to find worn shift forks. Splitting the cases isn't convenient, but not the end of the world either and since you have parts readily available at least it won't be a panic situation, should it ever happen in the first place.
From what I gather, the 110 & 120 have a nice torque output, well-suited to road riding. You're about to discover the true capabilities of these little bikes. They're good to about 60mph with little more than upgraded rear shocks (though I'd replace the front brake shoes with genuine Honda or Ferodo, they don't come unglued under hard braking). If you plan on riding faster than this, then consider road tires and a front disc brake.
Good luck with your projects.