Looking more into this, it appears that this can be accomplished by using a post-type. I can find many threads about adding a new post-type to buddypress activity page, but what is the post-type that is used in by buddypress activity plus stream or when a user posts to a activity stream, updates there profile, adds an event, etc?
I have since purchased Buddypress Member Type Pro. Now looking through it and trying to implement it, it seems that the member type drives the s2member level. Not the other way around. Did I get that right? Is there a way to use the s2member shortcodes with the Buddypress Member shortcodes?
Thanks for the reply David. That does make sense, and I have friends and followers set up. I am now looking to extend that capability to show select friends/followers on the users profile page. I want to get one more way that users can find new users and for that I was hoping to have a section in the profile that people could put friends profile links that they choose. Does that sound like something that Buddypress has a plugin for?