the chrome tips on my 70 seem to be sticking out too far. The hanger seems to be in the right place and the tips are as far as they can go on the pipes. I have looked at many pics on the interweb but most rear pics have different tips or are not clear enough. I have faith that someone here can help.
To answer the original question, yes those are sticking out way too far. The ones in Yote's post look about right to me. I'd say ideally the top edge of the tip should extend a little beyond the bottom edge of the bumper.
