Yeah, jackjohn, that's just what I got from a big box hardware store, MENARDS. I got it a little longer so I could put an extra nut on the end because my H/T shifter kept working loose. Works pretty well now.
It is a "shoulder" bolt, and the shoulder is what acts as the pivot, and prevents overtightening it that would cause the shifter to bind.
My 1200 came with a setup like that, and I thought it was stock. As soon as I found out it wasn't, I had those things off of there, and the stock pegs, shifter and brake pedal on in about 3 days. What a difference. Made the bike feel about 300 pounds lighter, handle better, shift better and smoother, and allowed me to put my feet flat on the ground at stops, without those floorboards sticking out in the way. I have no idea why anyone would want those things, but to each their own. If your happy with them thats what counts.