Thank you Doom for the help this is what i basically did.
and luckily, I had a friend who happens to be a mechanic helping me out.
He suggested we paint the exposed metal after we grinded and welded. This project is definitely easier with two people. But once I was done, i got on the bike and stood on the pegs and bounced. My god!! what a difference from the stock shock. It feels much more solid. I rode my normal way today to work and I was trying to hit every bump and this R1 Shock just soaked it up.
I am writing an instructable for this and will put it up on our how to section. Thank you to everyone who has helped me out with this mod.