I liked the feel and it was comfortable for me. (Stock seat and pegs) CB550s with the Honda 4-1 had similar bars(as I remember) but I think those pegs were located more to the rear.
This was in the 70's when I did that. I have a 750 now with those bars with stock footpeg location. I find that to be comfy for several hours. Since then I have always had sportbikes, too, that had a even lower bars and higher pegs. Standard style bikes have for me weird bars and I like them lower.
Steve