I think the indicators on stalks above the headlamps were a result of Australian compliance requirements. To my eyes they don't look so good and I think a solution with the indicators on top of the mudguards would look better.
The whole exhaust header pipe routing is a problem on the M3W. If it is not melting the indicator shells it is hitting, or very close to, the bottom of the shocks on full bump. Remember Mario's problem with the Suplex front shocks before they were modified.