That's what we like to see, ingenuity.
Especially when it saves you $250.
The end result looks mighty fine to me.
I'm on the lookout for a bigger front mudguard for my R as every time I'm off road everything gets splattered as in my opinion the standard one isn't big enough.
I might look into doing this on mine. but without cutting it down.

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I'm always in the sh1t, only the depth varies