I run my eccentrics flipped but my chain has touched the swingarm. If I was to start again I would opt for the shock extensions rather than flipping the eccentrics but you do need to lift the rear to get a ZRX to tip in a bit easier.
I also run a 16 tooth front sprocket but you will need to order one with a spacer as no one makes a ZRX specific one. The place to order one is through Dave Ditner on
http://www.zrxoa.org/forums/index.php . His Paypal is
cbxdavey@Gmail.com You will probably need to join zrxoa to get to see the pages but it's worth joining as there is so much info about a ZRX on that site.
To improve responsiveness you can also put an ignition advancer in. I have a +2 which gives it 4 degrees of advance which feels much crisper.
http://www.zrxoa.org/forums/showthread.php?t=240170Have a look in here and get the credit card ready.
http://www.zrxoa.org/forums/forumdisplay.php?f=292 There are plenty of good bits that you may start to need after you see them.
Unlike Strika, I have touched a peg down but that was before I flipped my eccentrics and when I was running standard weight springs and I'm 120kg. Since flipping the eccentrics and fitting stiffer springs in the front and rear I have no issue with clearence anymore.
As for settings, the rear shocks are rubbish and the late model forks like ours cannot be re-valved so if you push it, you will most likely want to replace a few things. There are a few of us running Ohlins rears but Strika and Glen are happy with their Gazzi shocks. A couple of us with late model bikes like yours will most likely be looking at replacing the cartridges in the front forks soon to get the front end to work as well as the rear aftermarket shocks so if you are interested we might be able to get a group buy happening.