Today I had a good ride around with the 16mm spacers and found the effort of making and fitting them well worth while. I deliberatly headed for bumps an hollows at speed to see what happened. The gaiters showed the ride height increased, the steering "seemed" more precise on bends, the braking was less dippy and no difference to rebound damping was noticed. So, overall I am very pleased. Also the handlebars were effectively raised too.
With no load to the forks the std spring spacers were flush with the top of the forks which to me seemed unusual compared with lots of other forks I have worked on where the springs always protuded somewhat. I think that spacers up to 20mm thick could easily be added with no ill effect, though more effort would be needed to refit the caps, more than that the springs would have to checked to make sure they dont become coil bound on full compression.
As we all are different weights and have different riding styles and preferences adjusting the forks with just spacers is a simple 1st step.