I think it is pretty good. While I dont have a problem with skulls like some do, I dont think they belong. I would also lose the wings but keep the red accent and have lines that start on the headlight and then flow across the tank and to the side covers. All black makes me puke. All black is so common that no one will notice it. I think carefully placed accent came make a big change and really enhance the look. Besides, black and red are a classic combo.
On the front fender, lose the back brace. trust me, you will be fine. I did that on my K8 and it makes a huge difference.