I've heard that the 97 48 state carbs were different. Is the difference the needles? Is there an advantage /disadvantage to having them? Do they make more/less power, torque emissions or what. Just wondering if anyone knows what's up with them if anything.

This is from the Honda Maintenance Manual.
The body numbers for the 97 are different. I'm not sure what the differences are.
The body number for the CF is also different. Perhaps it is because of the main jet spring in the CF.
As you can see the Main Jet and the Slow jet are the same in all of them.
BUT the jet needle is different for the 97.
I know that the 97s produce more horse power. I thought it might be carbs and different cams, but Partzilla shows the cam part numbers for 97 and following to be the same (14110-MZO-670 for Right, and 14120-MZO-670 for the left) so maybe it is just the carbs.
When I rebuild 97 carbs, I always put the original main needles back in. On other years, depending on the rebuild kit, I replace the main needles.
It would be interesting to dyno a bike with a post 97 carb bank, and then with a 97, and see if it produces more HP.