You have a problem that just lowering the kisser and peep isn't going to solve. You do need to raise your anchor and relocate the kisser and peep. The problem is that when doing this the kisser is going to be drawn past the corner of your mouth. The only way you can cure this correctly is with a shorter draw length cam or twist the string up to shorten the one you have.

The peep is not a problem. It'll will fit almost anywhere you put it. The only difference being that as you slide it down the string it will be slightly closer to your eye. So if you like to bracket your sight guard then you may need a smaller peep aperture.

The only decent optionI see is getting rid of the kisser button and just use the peep. It's not the right way to do it, but it may work for you. Personally, I'd opt for the cam change and go about 1" shorter.

This is one reason I hardly ever agree on getting a bow that is draw length specific. You really have very little room for adjustment.

You already have the bow so this is just my take on the situation.