The tailpipe seems too close to the body.
The wrapped muffler itself seems too close to the rear floorboards; they get hot.
Something's not right, but I can't figure it out. If more pictures would help, tell me what shots to take and I'll get 'em posted.
By the looks of it, you an '11 or '12 body, so it should have the curved tail pipe.
Peter, you're right; it's an '11 body.
I've thought the curved tail pipe may be part of the fix, but the rear floor boards getting so hot baffle me.
That is why they used asbestos originally. The junk they sell now to replace it doesn't do the job the wrap was originally intended to do. If you think it is a fire hazard you might want to put a piece of tin over it with a slight air gap between it and the floorboards.
When I did my speedster as a '14 there was barely a fingers width of space between the tail pipe and the spring and I was
certain they would clash but 3 years of running later all is well so far.
What about wrapping the muffler in the stuff bikers use on exhaust pipes? Just a thought for safety- granted it won't be historically correct but may save your floorboards.