I thought some might be interested in my experience of fitting and riding with Motratech lowered pegs on my 2004 Bellabio.
By the time I managed to import them to UK they did cost quite a lot despite my best efforts to reduce import taxes and yes, I still got hit for some tax. However with the pound sterling now through the floor, it was better then than now to buy them.
They are very comfortable and, for me, change the feel of the bike somewhat. It feels less sporty with my knees not bent so much. It helps reduce the tendency to slide forward on braking etc and vastly reduces the knee ache on a longer ride. No problem with ground clearance.
Fitting was straightforward and the instructions are good. It helps to have a picture of the fitted pegs on each side which I printed off their website. The only modification I made was to reduce the thickness of the spacers on the gear change side because, with the ones supplied, I found I had to swivel my left foot in uncomfortably to hook or press the shift pedal. I had a mate turn me up some new alloy spacers to the same diameter of the Motratech ones at 2.5mm which was just sufficient thickness to allow the shift lever to miss the pedal on the upstroke see pix. John of Motratech made the point that if I modify the fittings it negates his product liability but recommended that if I chose to fit thinner spacers they should be the same diameter as the ones supplied to manage the loads placed on the footpeg especially if standing on the pegs. So I did. I left the brake side as supplied.
The only other thing I'd recommend is not to try to remove the stainless cap screw/bolts that hold the rubber boots on both the Brake and Gear shift levers. I sheared off one bolt as the stainless steel had reacted with the alloy and seized solid. Much simpler is to buy two new rubber boots and two new cap head screws/bolts and leave the rubber boots on the removed levers. New boots look better too with the new shiny Motratech kit.
All in all, a worthwhile exercise if bent knees cause pain!