With stock footpegs and brake lever, the brake lever was so far up that I had to lift my entire leg to get my foot onto it. It was hardly convenient, and I'd often brake way to hard. I tried adjusting it, but there's really no room. Part A on the picture will interfere with the brake lever.
So what I did was, I simply cut away a bit of the bottom of part A. In fact, I cut it exactly across the hole to the locking pin. Now I can move the lever much further down. Since part A and B are both threaded, you can easily lock them together, and not worry about the locking pin not being there anymore. If you want to be extra sure they don't vibrate loose, you could always use a bit of locktite.
Sorry about the horrendous image quality. My old phone really doesn't care about macro photos.