At the risk of being ridiculed and losing any chance of ever being one of the cool kids around here, a counterpoint to the anti-clubman, gotta have rearsets with lower bars crowd:
I apologize for posting that image yet again but for the three of you who haven't seen it, that's a bike with clubman bars and standard position footpegs. What's lost in that photo is how small the bike is. I agree that on full size bikes the combo is often not a great option but on small bikes I'm not sure it matters much. In this specific case it matters not at all.
Of course that's just my toy bike, put together using a "spare" bike purely for fun. 99% of that bike is for looks, I took a beat to hell undesirable Ducati and made that out of it simply because I could. It can't get out of it's own way, can do zero to sixty most (ok, some) days, and is not what I consider to be a "cafe racer" but I post about it here anyway. But enough rambling, how would Ducati do it on a slightly bigger bike, say, the Diana, which is one of their more desirable singles from the era?
Alrighty then, low bars (granted they're clip ons) and standard pegs from the factory... The similar Mach 1 used rearsets but the point is on smaller bikes not even the factories consider the standard footpeg position an instant fail with lower bars.
As for clubmans, they get a bad rap around here. IMHO it's because too many people install clubman bars that don't fit the bike (and/or think that clubmans define the bike as a "cafe racer"). It's not a one size fits all type of thing. I have a cheap set at home that don't work well on anything, the angles are wrong. I spent more money on some better quality sets though and they work great. Choose wisely and you're good.
You're putting together a bike with your kid. Bravo. Use (well fitting) clubmans and don't worry about the footpeg position until it presents itself as a problem. For the love of all things holy just don't flip the stock bars upside down and use a skateboard deck as a seat...