That price is f'in insane. My dry sack costs $40 on Amazon.
Mounting it in line with the bike is a great idea, I will attempt that. I have no clue why I have never attempted that?
I like that it is very expandable/contractable and I use RokStraps, which are very clever, they are basically variable length bungee cords. Warning, mine are about 7/8" wide, a friend got the same bag because he liked mine but he bought very small/narrow RokStraps, which look entirely too wimpy to me. The RokStraps are not intrinsic to the bag, but that does mean you can use them for other things, not just for the bag.
If it tells you anything about the solution, a fellow C14 owner took one look at my system and went out and bought same (except for buying the straps too small).
Strapshttp://www.amazon.com/ROK-Straps-ROK-10025-Black-Motorcycle/dp/B00SXJLLBW?ie=UTF8&psc=1&redirect=true&ref_=oh_aui_search_detailpageBag Hmm, price went up, now $50, I got it for $40.
http://www.amazon.com/DP-D1GR-Waterproof-Duffel-Green-Large/dp/B002PKF4WM?ie=UTF8&psc=1&redirect=true&ref_=oh_aui_search_detailpageWarning, that bag is HUGE, 70 liters. If you need smaller, get smaller.