squishman, i can picture exactly what you did, based on your description. bravo for ingenuity at a value price!!
with the jack stands under the driver pegs, the stability is reasonable enough for me if the bike is strapped down, either front or rear. i'm most concerned with the ability of the bike to be lifted with a floor jack under the muffler. does that cause any damage to the muffler or the mountings assuming wood is used as a buffer? i have the ability, by the use of a harbor freight floor brace, to strap the bike securely. the speed of using the floor jack is appealing to me. lifted in that manner, i could raise either the front or rear of the bike easily for all types of maintenance or repairs.