i have thought about chopping mine many times, but have shied away from it. i've seen some chopped ones run in the field, and at an ampitheater show it will save you lots of hassles, and there is no noticeable loss in stability - but just like these guys said, it is my only stand now and i occasionally like to run it at the full 7.5'
if you have another stand to run in the section, go ahead and chop about 8" off each leg. if it's your only stand leave it as it.