Yes they are worth it, I am the same height and bought some bike master clamp on o-ring pegs. I also had to get some foot peg mount extensions to get them where I wanted but i can't seem to locate the part number now. You could probably fab the extensions from some square steel, basically the bolt brom the clamp would go into one end wit a nut welded in then drill the hole to mount the folding peg to the outside.
Malteese led Turn Signals (Rear)
Paid 750.00$ for her in 2005 w/ 9k
Currently @ 23k and counting