I hear you about the TLS. I make a machined bracket to adapt a YZF-R6 rear shock to that bike. With the right spring on the separate spring unit and the correct valving in the R6 shock it's a really nice setup. That crummy rear setup often times make people forget how bad the front is too. Lots to do up there, at least it is straightforward.
Jamie, interesting you mention the R6 swap...I have a Penske from an '03 R6, awaiting transplant into the TLS. I might hit you up to discuss valving changes required, as the TLS is gonna need roughly TWICE the spring rate as the R6. I'm also looking at front fork mods; GP Suspension is local to me, and I know that they have made some TLS/TLR fork goodies in the past.