Most likely you won't have any wiring or wattage problems....you have dropped the tail/brake light down from 8 watts to about 1/3rd watt for the LED.....and you will be adding a pair of 8 watt running lights.....sothe effect is you are doubling what the wire used to run....and 16.3 watts is not very much and the stock wiring will not have any trouble.

Now....my "Safety Rant".  Those tiny turn signals don't have any reflectors, and they are not DOT approved......they will not be bright enough in the daylight to be seen by the distracted cager.  I have ridden behind motorcycles in Poker Runs and Group Rides, and although you can see the turn signals working when you are riding 50 feet behind them and you are paying attention.......they aren't nearly as bright as the stock DOT approved turn signals.

If you want a good set of turn signals with running light that looks good on the Savage - you can get a set of Savage front turns signals that are dual filamentand put the clear lenses on them, and then put in Red bulbs.....LED or regular filaments.

Wiring should not be a problem....you just splice the running lights off the brown tail light wire, and extend the turn signals wires.

http://www.ebay.com/itm/K-S-DOT-Turn-Signal-Lens-Clear-Front-Rear-for-Suzuki-...

Dave,
You will be happy to know that I didn't use the aftermarket signals. I successfully relocated the stock signals to the license plate bracket. Had to extend the wires by about 6" to make the additional distance, but thankfully I have a wire stretcher  

Personally I do like this look better than I thought I would and am glad I went to the extra effort it took to make the bracket and run the wires, etc.  When I get the bags permanently mounted, the contrast of the black bags against the signals will definitely help them 'pop' in the mid-day sun and hopefully be seen and paid attention to.

Thanks for the "Safety Rant"  

Versy,
That was on the bike when I bought it used out of Texas. IIRC, he had some registration stickers/inspection stickers on it at the bottom. It's definitely factory made but there are no markings on it.  I removed it once, but I kinda like it as it adds support to the license plate, acts as a little mud flapper thingy, and gave me a place to add a couple of stickers  

The stock license plate mount is prone to cracking the plate. I'm sure this extra piece reinforces it so you don't lose your plate due to it breaking off.

Kris01 wrote on 04/28/16 at 12:21:00:

Precisely. Mine is already cracked and I think that's when I put it back on and decided to enjoy it.