No doubt, raising the foot pegs will allow more lean angle but how will that work with your shifter ? And, of course, other parts can still drag. FWIW...dragging order for my setup is as follows: foot pegs first, followed by belly pan, and then my Rush exhaust. I did switch out the Show Chrome black belly pan for a Macgyver and, by installing that up tight, eliminated the belly pan dragging. So now, only the foot pegs and exhaust drag and the lean angle has to be pretty high to reach the exhaust. Here's a pic:
Attachment 13168