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So there is a (relatively) simple way of putting on pegs on this bike.
With a some metal modification to the pegs, you can mount them with the rear axle going through them, so they tigthen when you tigthen the axle. The only major problem is you have to lose the stock chain slack adjusters because the axle isn't long enough to thread.
I got the Bell "rail riders" pegs from Wal-Mart for $8.
FYI: shifting your weight back helps get the bike up, but it doesn't help you find the BP.