My '81 had a Metzler 120/90 on the rear when I purchased it. It clears, but the difference in the profile *might* contribute to the front tire's not clearing the ground when the bike is on the center stand. I haven't done a detailed check of the center stand yet. It works OK, but I do notice the bike having a slight lean to the right (from riding perspective), or "off" (in equestrian terms) side. Not dangerous at the moment, but maybe I should have it checked.
I noted a posting on this forum regarding not changing factory configuration without good reasons. I tend to agree. Nonetheless, there are numerous comments on the Web (Noemi Berry's articles circa 1995 come to mind) recommending 120/90s, even if a spacer is required. In my particular case, I'm inclined not to fix something that isn't broken yet.
Incidentally, my mindset on tires applies to the shorter-shock modification, also. With my bike, I can flatfoot with a bit of stretching to get my heels on the ground. I wasn't certain whether my shocks were standard or short until I was able to compare. Bob's BMW (Jessup, MD) currently has a '79 Bronco R65 for sale with the shorter shocks. I sat on it and found it much more comfortable, i.e., mine are standard. Nonetheless, I'm reluctant to change because (1) my current shocks are Koni, and (2) I have no way of knowing how the shorter shock travel and lower frame configuration might affect ride and handling.
The other height modification, lowering the seat, seems to require some additional compromises. Anyone out there found a seat modification that would not break either my bank account or tailbone (or both)?