Nah, you would not want to cut the arm at all or risk losing rigidity with a single side of connection. You'll just have to be content with the stock length of the arm and do a good deal of fabbing to get the arm on.
I have seen a 3rd gen VFR swingarm put on a 2nd gen VFR frame, but that's not too big of a stretch, just a lot of farbrication.