I checked the level with no springs and the forks fully compressed: 8.5". Like I said before, this may be a bit low, but before lowering the level the forks seemed to bind up after about 2" of compression.
As far as spring rates, my bike is about 410 pounds with an empty gas tank, and I weigh about 130 pounds fresh out of the shower. The K7 springs don't feel excessively stiff to me, but the 550 springs with appropriate spacers might be a better match.
In the attached pic: K7 springs at the top, K1 springs with stock spacer in the middle, and 550 springs on the bottom. Notice that the 750 springs are all straight-wound, while the 550 springs are progressively wound.