Yes, the fender is in the same location as the old one which worked with the 18". I haven't measured but the 16" is very close to the same height as the 18". The bar stock struts have their charm but a set of tig welded moly struts may take their place.
I'm looking at making a removable chrome moly frame kit to replace the hacked two lower rails. Something simple. I was going to telescope it into the rear frame but paint would foil that plan.