I'm not a law enforcement officer. I am only relating what I have been told by them and found in the Washington State code. The topic has also been discussed at local Suzuki Owners Club meetings. You need to find what the laws in your area say and which regulations officers really care about. There are requirements regarding distance between turn signals, reflectors, how far lights, signals and license plates can be seen and a whole lot of other regulations. Any new bike would meet regulations in order to be sold by a dealer. Once you start changing things you SHOULD try to stay legal. I've heard that if you are driving crazy or have something obviously illegal (like can't see the license plate, blue lights, etc.) you increase your chances of getting pulled over. The site http://pnwriders.com/ has a forum called "Ask a LEO" (Law Enforcement Officer) and lots of these questions get answered there. My guess is that myfirstluv is legal because they are separated by at least 8 inches.
I'm only trying to make you aware of laws that could get you pulled over. Also, remember that the more visible you are the less chance of getting hit. If in doubt, check local and state laws or ask an officer.