get them bars back mate!
set them so they are inline with the forks.
when they were new they just had pegs on the back. which is shite.
do as you have done, and run the pegs on your grind side
i remember those bikes, and also i rode with people who rode them (and similar)
they were fairly lightweight, but with a low spec. although the frame geo was good.
the forks were prone to bending, and if it has a steel crank (not chromo) then replace it soon as possible.
you'll know if its plain steel. it will bend in no time at all