That dog bone is adjustable, whether you have enough adjustment to get back to the stock height is the question.
Do you have the recept for it so you can look up the brand and find out what are the adjustable lengths they say it can do.
The length between the bolt holes on the original is what you are looking for or get under your bike and have a play you may like something in-between.
After adjusting the dog bone and before you do anything else ensure you adjust the ride height and static sag on both ends of the bike, this makes a huge difference on modern motorcycles.
Adjusting the front really comes more down to preference, if you leave the front lowered the bike will turn in quicker, steer quicker, feel more nimble and could even feel twitchy (this is how I have my bikes set up)
Raising the front is easier than lowering so start with the height you have now and test ride the bike, if you think you would like to slow things down a little loosen the 3 socket head pinch bolts on one fork, use a leaver like a big screwdriver and a spacer under the handlebars to push the fork tube down a few millimetres, tighten the pinch bolts then do the other side the same amount. (only loosen one side at a time, the bike will support its own weight on one side)
Test ride again, you should feel things have slowed up a bit, you can push the forks down until they are level with the top triple clamp.
Has your kickstand been adjusted for the lowered bike ?
Some of the 19 rides in my shed
2014 V2, Snoopy
2009 Wee, Pumbaa the pig
WR450F, The Blue Postie Bike
YZ250N smoker with rego, Stinky.
Yamaha MT09 (FZ09), The Scud missile.
Club Lead not Club Med.
He with the most toys wins.
Out of my depth in a puddle.
Live life on the edge you will see more that way.
Ridding a motorcycle keeps things in balance.
At the end of each trail and at the end of each day history is made.