I finally received the bagger handlebars from BMW, along with the clutch and brake cables. After taking apart everything and placing the new bars on the bike, I realized that the bagger bars would not provide the reduced reach I was hoping for: the angle of the grips is really odd when you pull back these bars, the grip ends seem to point away from you. After all the work, I decided to take them back and consider other options, maybe Helibars. Luckily my local dealer took them back with no issues. I've attached a few photos of both bars next to each other. This was a learning experience, now I can take apart the front of the bike in 30 mins and put it back again in no time.
One more thing I realized is that you don't need to bleed the clutch and brake lines, the Helibar instructions show what to do.