My present setup is:
-Yoyodyne fixed offset footpegs (had to modifiy to fit)
-07 GSXR 750 rear shock (317 length, stock is 305 I think)
-10mm shorter dogbones (25mm raise)
-Forks 3mm down in the clamps
All total, I think the rear is up 2" or something like that (never took before and after numbers). The last time I was at the track, the only time I decked my toes out was a really, reallydeep LH turn. I didn't have much more to give and my puck was firmly on the deck.
I absolutely do not touch down on the street now with this setup, it was originally done to get the Bt016s to turn in faster (slower than PPs). The much higher rear is stable and neutral as well, not twitchy to me anyway.