Agree completely. I installed 12" 412's on my bike last year, at the same time I lowered the front forks by 1 1/2". I had previously re-shaped the seat, lowering it about an inch or so.
I'm 5'7" as well, with a 30" inseam. With all of the above, I flat-foot, even with running shoes on.
Negatives- Lowering the front , more than the back, makes the steering "quicker" - something that takes some getting used to. I'd suggest lowering the bike by the same amount, fore and aft, to retain the original geometry.
- your sidestand will have to be shortened, or the pivot point modified, so that the bike retains an appropriate lean angle. This is not a big deal to do.
- the lower you go from stock, the harder it will be to get your bike on the centerstand. Most likely you will need help, or initially run the back tire onto a piece of wood, before you attempt to lift it.
- something not often mentioned.....if you install shorter shocks, even 1" shorter, you will not be able to remove the axle, when removing the rear wheel. This is with the stock exhaust. You have to also remove both shocks, in order to let the swingarm pivot low enough to provide clearance. Maybe not a big deal in a workshop, but would be an added pain if on the side of the road.
A tad off-topic, but if you are doing suspension changes, the absolute best, low-cost modification (most folks will agree) is the installation of aftermarket springs in the front forks. A huge improvement in handling/stability. Progressive offers 1" or 2" lowering kits, together with their V-max specific springs.
Cheers!
forgot to mention - yes, shorter shocks make for a harsher ride. Noticeable even with 12" 412's. Not as forgiving on bumps. But as mentioned, still an overall improvement compared to stock shocks.