Glad to have you here unitedsalad.
I can't provide any input on peg lowering. I'm 5'-8" and "too tall" has never been one of my problems. However, there are many posts on the topic on our forum. I know "Speedy" sells a footpeg lowering block. I have a few of his other products and they are excellent.
As far as power is concerned, this 650 is the largest displacement bike I've owned. It has way more guts than I personally need.
I don't have aftermarket pipes, but I really like the sound of my Dark Arrow Slip-on. Has a throaty pop kind of sound. Not too loud (even as i use it w/o the baffle) unless you whack it down.
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Dark Arrow Slip-On Exhaust, Spencer's Seat, Alaskan Sheepskin Buttpad, Givi Windshield, Givi E460 Topcase, SW Motech Crashbars, SW Motech Alu-Rack, Cortech Sport Soft Saddlebags/Tailbag, 16T Front Sprocket, Kawasaki Z-1000 Mirrors, Speedy's Handlebar Riser, Speedy's FlatFoot, MFW Highway Pegs, Gerbings Heated Gloves