I was good with touching just on my tiptoes -- after all, the Versys is pretty light compared to the Harleys I've been riding for the past few years and I have been riding since 1982. But now that I laid down my Electra Glide (and do not plan to have it repaired), the Versys is going to be my only bike; and after all my injuries from this accident, I don't want to chance riding it on my tiptoes anymore.
Here's my question: should I have it lowered first or get a lower seat? Frankly, I hate the seat with the heat of a thousand suns, and I'm 99% sure I'll be getting another one. But! Even if I get another seat, I might not like it, and I may have to lower the pegs after that as well. If I lower the whole bike (MotoWerks), maybe I can just have the stock seat sliced up a bit and move the front up.
There are a lot of ways to approach this - It might be easier to treat these two issues separately.
After riding my V for nine seasons, and being on this forum (and the UK V forum) for the same amount of time - here's what I know:
The stock seat is pretty much universally disliked. There are many aftermarket seats available and modification of the stock seat is possible. There are many threads on this forum covering both these options. Some aftermarket seats are higher than stock, some are lower, some the same as stock. Keep in mind the stock seat foam is so soft (at least on the '08 V) that it tends to compress during a ride, becoming lower over time.
There are many long legged and short legged riders that like riding the lowered V. [I'm long legged and my V is lowered and I like it that way.]
Some have the opinion that a "lower / flatter seat" will have less cushion or less depth, and may be less comfortable on long rides. On the other hand - I would think that if the shape is right, it would be good enough.
If you bought the lowering link and found that you didn't like it, you could always sell it on the forum. Same goes for a seat.
I have a Seat Concepts seat that I plan to sell soon (or trade for a lower Seat Concepts seat).