I already have turn signals so I won't be using the integrated ones - sounds like it should be pretty plug and play otherwise? My biggest concern with the LED strip is that it will look too modern/chopper for the bike. I suppose it's worth a shot.
As for Ian's suggestion, I've seen him use the cat eye tail light under the seat, but the issue is that i cut my seat quite a lot shorter than what he shipped me, so the end of the seat is almost right over the top of the tire - less clearance.