There's been alot of "lowering" talk on here. May want to try to do a quick search on it.
I lowered mine 2-1/2" in the back and love it. It does look good and closes down the large gap between the rear fender well and the tire somewhat. As far as handling I could argue that it handles better, but that's just my opinion.
As far as scraping the pegs you might scrap a little more, but personally I think that has alot to do with riding style and how much you personally tend to lean the bike in the corners. I virtually never scrap the pegs in the mountains & if you do it's no big deal. That's why there's replaceable feelers under the pegs.
I've never bottomed out my lowered bike. I weigh 175lbs and I have the spring set at a comfy 3 setting. If you weigh more just adjust the preload up to a stiffer 5, 6 or 7. The only time I could see me bottoming out the rear is if I run down over a high curb & even then I don't know if the tire would reach the fender. But that's never happened to me yet.
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Picture shows (Left) Stock Rear Setup (Right) Shaved Rear, V&H Pipes, 2-1/2" Drop
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