I absolutely hate the rear peg holder and have been banging my head trying to figure out a different place for the rear pegs and something different looking.
After removing the rear peg holder and peg I noticed that the threads on the rear peg bracket fit perfectly into the spot wear the exhaust holding bolt went.
Out come no expensive modification needed to move the pegs about 6 inches forward and 2 inches down for my 5'11" wife who had me stopping every ten miles to stretch her legs.
http://www.bonnevilleamerica.com/photopost/showphoto.php?photo=4280hopefully the link works