I have ordered a pair of Ikon 7614 shocks from Brent. They are the lighter more adjustable ones listed on the Thruxton site exept at 12.5". Replaced the front springs with Progressives last Monday. I was thinking of rolling the stock speedy bars downward and use shorter risers. I have a solo seat that I will remove the foam on to get a little lower. As I read the rules they require that your feet stay on the pegs that have the controls. But I don't think it will be too difficult (yea right) to fabricate a set of rear controls. Now, find a lighter gas tank, tires and some carb/engine work.
All this just proves that we all dream about continued modifications to these great bikes for one reason or another.