Instead of replacing a damaged OEM riders foot peg at the tune of $52.49 US, I decided to adapt a pair of rider pegs from a 04' Buell Lighting for about $40.00 US. What I liked about the pegs is they have about a 1" plus drop to them.
Parts Needed from HD dealer:
N0520.1AD, Foot peg Assembly, Rider LH, S, $12.80 US
N0521.1AD, Foot peg Assembly, Rider RH, S, $12.80 US
C0249.02A8, Spring Rider, Foot peg, RH, $1.95 US
C0250.02A8, Spring Rider, Foot peg, LH, $1.95 US
C0235.02A8, Pin, Foot peg, (2EA req.), $7.00 US (Optional)
N0425.02A8, "E" Ring, Foot peg, (2EA req.), $4.20 US (Optional)
Bushing material
Tools Needed:
Standard Guzzi stuff
Caliper/micrometer
Bench grinder
Drill (Optional)
I'm not sure I'll keep the OEM "Hero" spike but will make that determination once I get my bike back on the road. Projects took about 3 hours due to learning curve and head scratching but if your handy and have the tools, 1.5 hours tops. I kept stock peg mounting brackets and did not mod them in case I want to revert to stock (If you use the HD pins, you will have to drill the boss larger.). The biggest headache in this project is grinding/milling the Buell pegs to fit the stock width. Stock peg width is ~22.40mm and the Buell pegs are ~24.60mm so some cutting is necessary. I used a bench grinder to work both sides of the Buell peg (used the side of the wheel for large flat surface) to get it down to the ~22.40mm required to fit into the stock mount. I'm sure there are better tools to do this but the side of the grinder wheel worked fine (leather gloves required!) grinder worked fine... take your time, and keep surfaces flat and parallel. Once trimmed to fit (width only!), I chose to use the stock pins and "E" clip as not to drill out the stock mounts for the buell pins which are fat (optional). The inside pin diameter of the buell peg is much larger than the Guzzi, I used a small piece of lighting conduit, cut to ~22.40mm width and used the buell spring instead of the tiny MG spring. If you do not use a bushing, the peg will be loose around the pin.
I've got more pictures but not sure how to post a couple at a time so if you have question let me know, remember I have not ridden it yet due to other work being done but I think it will be perfect, the pegs are tight (grind slowly), a little wider than OEM, down an inch or so and slightly Aft of original position. I know it will work for me, I've been sudying our erg options (Centauro, 15.00 relocation kit, etc) and think this will meet my needs.