I used the V-Star for awhile and was very happy. I did not want to lower anything as I am about 6'. I was looking for comfort/soft. No one wants/needs bouncy. My shock worked great and I was very happy. Of course, I had to make a bracket extension to duplicate the height of the stock shock so I would likely not create other problems (k. stand).
What leaves me puzzled is your comment about a jump, and the shock bottoming. Remember, with the shorter shock, your tire is closer to the fender. You should not bounce with a good body. If your body is shorter, your shock is shorter and your tire is more likely to hit if you jump. Correct me if I am wrong, but, with the mod you needed to do, you can't have it both ways; full stock travel, lower seat height. My V-Star next to stock. Gerry