As far as I can recall, you don't
NEED to disconnect the Park Brake Cable, altho you will probably need to re-adjust it afterwards; but you
MUST have the Park Brake
OFF in order to 1). Release the pads from the disc so you can get the caliper to slide off the disc before you can even start to get at doing the pads; & 2). Actually remove the pads - doing that is only possible and a whole lot easier once the pads aren't clamped tightly onto the disc, then once the disc is out of the way & there's a little space between the pads, you'll have some room to work in.... :thumbup:
BTW, when you shut the engine down without the Park Brake engaged, you will get an alarm - just ignore it, it'll go away in 20-30 secs or so. And once you've started the remove/replace pads process, leave the Ignition
OFF for the duration - only turn it back on once everything is all buttoned up again and you're ready for a test ride. If you do happen to have the ign on & you depress the brake pedal before everything is seated & sorted again, you'll likely get a Brake Low Pressure Warning; and if you happen to run the motor with only the rear tire turning (with or without brakes) you'll likely get a VSS warning &/or drop the Spyder into a Limp Home condition. Neither will (usually) be too difficult to fix, but if you simply shut it down with the park brake off, ignore the alarm, and then leave the Ign
OFF until it's all over & you're ready to do that test ride, you can avoid the potential trauma from the outset!

hyea:
Oh, and when you remove the caliper &/or the speed sensor, take careful note to see if there are any 'washer-like shims' & exactly where they may be, so that you can put each/any of them back
exactly where they came from!! There may not be any at all, but if there are, they'll be pretty important for keeping things aligned properly and at the right distance from wherever - getting them in the wrong place or forgetting to put them back at all can make things not work & extremely difficult to sort if you don't know where the shims were, and I strongly recommend you try to avoid doing that to yourself!! :banghead:
Good Luck! :cheers: