Yes, and excellent point as well as the ability to change a fuze if needed, on the side of the road.... in the dark.... in the rain, 'cause that is when the fuze block placement will really count.
Had a friend of mine pull into the national rally in TN this last summer with NO HEADLIGHTS because of a blown fuse (aftermarket HID lights) and changing it required removal of the right / center fairing. Very poor placement IMO. He had a dealer do the install and I suggested he go back and have them do the install again.... only better. :-)
Brian
+1 on locating it in a spot that requires no tools to access.
I still find the best location to use is placing it in the underseat toolbox, then it is protected, and easily accessed.
If you can't find a place in one of those cavernous side bags for the factory toolkit, you have too much stuff in them....
Factory tool kit is the bare minimum anyways, and the tools are made out of cheese, and will likely ruin any fastener and the tool when you attempt a repair... ditch them, replace them with equivalent high quality tools, stored in a tupperware or rollup pouch in the side bag, along with all the associated things like tape, tiewraps, electrical splices, wire, plug kit, yada yada...