I've flipped the pegs on my F2, and while it does set the pegs a little further back (I'd say an inch and a half) it doesn't bring them up any, which also needs to happen. I found that it was just easier to drag them in the corners, and the position wasn't much better than stock.
I've thought about trying to fab rearset brackets out of the existing F brackets, that could be an option to pursue as well if you can manipulate aluminum.