It is absolutely correct that most WellNut failures are due to overtightening.
One of the best things I ever did to my bike was to replace all of the wellnuts. Makes fairing on/off much easier.
THAT SAID:
There have been some naked pasos built. Clinton Kendall resurrected a paso from a ditch with this naked result:

and there's at least 1-2 more that have transplanted tailsections.
Personally, I like naked bikes. The problem with the Paso is that the quality of the frame's finish is quite bad (shoddy welds, lame black paint) and if you WERE to build a naked Paso, it would take many hours to finish it up to a standard where it would be presentable. I think that the Paso running gear and frame could be used to build a number of really neat naked bikes, if someone was willing to put the correct amount of time/money into the project.
Discuss.
