I've got an Oxford First timer small tank bag. It easily fits a pair of shoes, book and work uniform, or a 6 pack, plus a bike lock in one side pocket and some tools in the other. Doesn't get in the way on the 550 but did a wee bit on the 250, bit I think it was worth it for the handy storage.
As was said before, the magnetic ones do scratch the tank a bit if you aren't careful about making sure there is nothing stuck to the under side of the bad.
I almost always use mine, and its handy to have the clear pocket for a map, phone or GPS.
Never in the field of human conflict has so much been owed to so few by so many cheese eating surrender monkeys.
(Winston Churchill on the French.)
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