Brake pedal is on a splined shaft, just as the shifter is. You can move it one notch. Adjusting at the MS is easier and more precise.
There are adjustments you can do on the master cylinder. There are 2 nuts on that threaded rod. Loosen them. Adjust pedal to where you want it then tighten them up.

When I went down and looked at my bikes brake pedal I failed to see any adjustment notches but I could be wrong. Haha I was looking at them jacks you got, must have costed you a fortune!

Here is a brake set removed (and pulled from the garbage bin for obvious reasons).
#1 is the main adjustment. You do need to remove the pin from the crank so you can easily adjust it. Move/screw the end in and the pedal is lower. Out and it goes up.

#2 is a MAJOR adjustment: the splined shaft. You should not have to adjust it here unless you did something really radical.

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Thanks for the explanation! 

Well, I have my wheels, front fender and belly pan clear coated. Friday I'll clear the tank and tail, Sat will be spent sanding/buffing the parts that have cured and putting my new tires on, then Sunday I'll finish up the rest and put the bike back together. My goal is to be riding on Monday- finally.

Tonight I also brought the chain guard back to life via Penetrol as it was dull and faded. No pictures of painted parts, but I do have one of my new turn signals.

Stock:



LEDs:




Quick question: Should the horn sound as long as the ignition is on, or only when the engine is running? If the former, I think mine is dead and if that is the case, does anyone have any opinions on good horns? I was looking at the Fiamm Freeway Blaster (130dB!) as a possible replacement.

Sorry to threadjack, but back to the rear brake thing. On the master cylinder, is it possible to adjust how soon the brake starts to grab? My pedal will go like 7/8s of the way down before anything happens, and then that last 1/8th of travel goes from nothing to lock up

I'm just spit-balling here, but my guess would be to check and adjust the nut that is just to the left of adidasguy's #1 adjustment point as that is where the "travel" of the cylinder is. But shoot, what do I know 

Ok, we're getting close...

damn man, me likey. gonna paint the master cylinder? or leave as is?

Alright, it's not 100% finished (still some detail work to do), but she's road worthy. Took her out for an hour today and I'm definitely in love 

No plans on painting the cylinder, calipers or anything else right now, but tomorrow- who knows!

Boy does that ever look nice. 

That turned out great! Is it still primed, or did you paint it gray?

Gee, thanks for knockin' my paint job- that's charcoal gray 

Here's a few more shots (I'll update the original post as well):

Right Side:



Tail Shot:



Uber Fenderectomy and Smoked Blinkers:



Belly Pan (Notice the larger main vents now):





Now that I've ridden the bike, I realized that my shiny new LED turn signals don't blink. It seems I've fallen prey to the infamous "all blinkers on" phenomena. I have searched (this forum and google) for some common English solutions, but haven't found any. Could someone please instruct me in the ways of LEDs?

Also, my horn does not sound. Brand new horn, so wiring is definitely the culprit. Any suggestions? I've checked the wiring- nothing appears to be wrong.

Didn't mean to knock the paint! Second pic shows some shine, just the first one made it look flat gray from the lighting

Yeah- I still have some buffing to do 

Now what are you gonna do for exhaust?

Stock for now. After I get some riding under my belt and am looking for a bit more umph, I'll probably upgrade intake, exhaust and sprockets.

Looking awesome! Fantastic Job. Hope you don't experience your first crash on that though :S

Horn should work when the key is turned.
Doesnt need to be running.

and heres something to consider to have some fun with 
https://www.google.com/shopping/product/4574648610245560976?q=bad%20boy%20air%20horn&hl=en&bav=on.2,or.r_gc.r_pw.r_qf.&bvm=bv.43148975,d.dmg&biw=1600&bih=772&sa=X&ei=PQ41UYiRFufu0gHOnYHYDw&ved=0CIwBEPMCMAk4Cg

put one of those babies on my bike.
nice and Loud!!!! 

I also bought the wiring kit with it just because I didnt feel like monkeying with wire. ($20 from amazon)
Horn and kit come with the relay.

Was a simple plug and TOOT! 

Quote from: IAmSpartacus on March 04, 2013, 01:40:35 PM
Stock for now. After I get some riding under my belt and am looking for a bit more umph, I'll probably upgrade intake, exhaust and sprockets.

Gotcha

The exhaust was the first thing I did. Sliced a hole in the pipe after a week for some sound, and a week later had a cheap universal muff on it. Can't stand being on something quiet, these bikes sound like sewing machines stock!