Redirect page content from ip address?

DIfferent content based on IP, same domain = cloaking?

[financialhost]

I would really appreciate peoples opinions on this.

Lets say i have one domain - www.widgets.com , depending on your ip address - visitors from the UK will see content based for UK Visitors, while US users will see content based for US visitors.

Is this considered cloaking by the search engines?

Running a spider simulator based in the UK shows the UK content and links, running a spider simulator based in US shows the US content and links.

So how will the spider know what to do? Google.com for example is international - so it will have two seperate content for www.widgets.com depending on the ip address of the google spider.

Or will the google spider with a UK IP location, only index the UK content for www.google.co.uk?

On the other hand i could make a new site www.widgets.co.uk and also have www.widgets.com but i worry that the content may by too simular and get hit with a duplicate content ban.

Most of the content is the same for both versions except for some links, advertisments, small search box and the UK version will show widget products in search results perfomed at the site- that is the only difference.

Can anyone advice on what they feel is the best course of action and how the spiders may react to our current way of seperating content.

Thanks

[volatilegx]

Most search engines spider from a single location.