A more open spot would be better. That's not too close to the coil but maybe not the best ventilated area. Those plastic spacers at your coil may be better if they were metal, that coil mount acts as a heat sink to suck away heat from the coil and as a ground. Newer bikes now use stick on heat shielding under the fuel tanks in the coil and electric areas. I've had good luck peeling that shielding from one tank and gluing to another. If I get a chance to salvage some of that foil heat shielding from a car I'll put some away to use, high cost for a measly square foot.
Scott