The 5-pin tumblers used in our Valkyrie locks are EASILY (and I mean,
EASILY) re-keyed. No need to take the saddlebag in. Simply remove both bag latches w/ lock cylinders in place and take them to the 'smith -OR- look on eBay for "pin tumbler refill kits". Order one and you'll have enough pins to do a bunch of Honda locks. You can get at the last pin in the series (which holds the cylinder in the body) and once that's out of the way the cylinder should be easy to remove - with a little pickin' and grinnin', of course.
Been there, done that too many times to count. If you were local to me I'd re-key them for a cup of decent coffee.
