As someone who owns both, I can confirm some of those on your list:
- Tank - Yes, different tanks- Though I'm not entirely sure if you could fit a 250 tank on a 251 and vice versa- For although I know the 251 is shorter, I always presumed that was due to the rear subframe being shorter.
- side panels - Yes, different shape, but fixings are the same. I have done this.
- rear wheel - the 251 has a 16" rear wheel, the 250 an 18".
- seat - the 251's seat is of different design but is also shorter too. A 251 seat will not fit on a 250. I have measured in the past.
- exhaust - the 251's silencer/expansion is shorter, but internally pretty much the same- Will inter-change. I have done this.
- centre stand - the 251's centre stand is made of aluminium. They will not interchange- the pivot hole is of different size. I have checked and measured this in the past.
- side stand - all mz's side stands take place of the rear wheel spacer. They interchange.
- rear light - the 251's rear lamp takes use of a bilux bulb. Whereas the 250 makes use of two seperate bulbs for illumination and brake. However, the bodies of the lamps themselves can be interchanged. You'd just need to feed an extra earth if you put a 250 lamp on a 251 (which I have done). Indeed, the ETZ125 uses the same two bulb round lamp from the earlier 250's (trying to get rid of backstock? - however the indicators also seemed to sometimes be round or square on the 125.. The 125 seems like a mixed bag type of bike regarding spares)
- indicators - the 251's indicators are squarish, and seemingly supposed to look more up to date. At least the fixings tubes for them are a lot thicker and bigger.. However the indicator units as a whole can be interchanged with the 250- I have done this.
- gear change (read on another post) - The gear change lever itself is shorter on the 251. Though obviously interchangable.
- rear shock springs?? - I don't believe they are different between the 250's. It's a possibility the ETZ 125's however had less stiff springs.
Hope this clarifies your query?