What do you guys think is the best way to increase the radius of the guards (ie cut them), and maintain a lip for screwing flares into, whist still looking decent. want to increase approx 1 inch from around the whole guard.

Here are some options i've found through searching:
-Cutting the stock lip off, cutting guard then welding it back.. lots of work
-Fold the lip over a dolly without cutting anything. May distort the panel above the lip?
-Cut the guard and fold lip (without cutting slits)
-Cut the guard to approx 1/2 inch off where i want it, then cut slits and fold the slits into a new lip. and then possibly weld slits together.... May distort the panel above the lip?
-Cut the guard and fold lip (without cutting slits)


So any advice?

I've cut mine back to almost where I wanted them
and folded the lip back.

I use a zip cut on an angle grinder and cut the shape I want with the fender on the vehicle, then I Tig weld new lips on with the fender on the bench.
 On the rear i just tig weled it in position. I'll try to get some pics and post them.
Jim