In anticipation of receiving "Speedy Gonzales'" lowering kit, I dropped the forks to the lowest end of the non-chamfered portion of the sliders two days ago.
I have been fiddling with bike suspensions for many years and have gone through all sorts of preload/fork oil/damping/compression/geometry settings to make a bike work for me. I did not expect much to change with the Versys, but boy, it made a very noticeable difference.
First, I noticed the bike lowered about 0.5 inches. I can more comfortably get the balls of my feet on the ground.
I also noticed that, for some reason, it feels more comfortable to sit nearer the tank. I have been sitting with my butt at the stop end of the seat, sliding up to the tank for twisties action, but now it feels more natural to sit closer. I suspect the angle of the seat is the reason, but the angle is no more uncomfortable than before.
Then there is the handling. The bike still flicks side-to-side easily. Maybe a little more than before. What really got my attention is how much more solid the front feels. I can feel the road through the suspension much better than before. I am sure that the increased weight on the front wheel is the reason for this. On the highway, I could sense no instability. In fact, it seemed almost more stable than before.
I thought the reduced trail might make make the bike a bit less stable, but so far that is not the case. It does not appear that fender clearance will be an issue, either.
An unexpected bonus with the drop was with the fairing. I seem to sit a little bit higher over it. The angle of the windscreen is now a bit more upright than before, so wind seems to part a bit more effectively over me. For those of us in warmer climes, the extra bit of air spill-off around the sides was welcome. No buffetting, just a bit more air on my arms and chest.
For those of you looking for just a little bit lower seat height and a more solid front end, try lowering the forks. It's free and it works well.