How low are you looking at going? I fitted an '03 ZX12R shock to my '00 7R. The 12R shock is about 7mm shorter than the 7R shock. It also offers better dampening than the 7R's shock. I added washers to increase my overall ride height and cornering ability, but you could install the shock and not shim it to drop a substancial ammount of overall ride height. If you install lowering links you would decrease the bike's handling. I picked up my 12R shock from ebay for $30 shipped.
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