Larry,
That was the first thing I thought of 15yrs ago so I made this so called heat shield. I took some of that thermo mat and sandwiched it between two pieces of 24 gauge aluminum. I shaped it to fit under the MC's and bolted it to the footbox. It was an inch above the headers and about an inch and a half from the MC's. It had a small effect as I only got two more laps before the brakes mushed. I will admit that it got even better with Motul racing fluid. The stuff is magic. Even with all that it wasn't what it should be.
Remote reservoirs would probably be a good way to go if they are mounted away from the headers.
Even doing that would require a lot of additional fabrication and possibly different MC's.
Hersh
