I'm running a 2007 EX250 (250 Ninja) rear master cylinder on my FT500. I made an adaptor with a piece of 1/4" aluminum plate: cut out a parallelogrammy shape, drilled four holes, and mounted it up. The master cylinder mounts to two of the holes, the other two fasten the adaptor to the threaded tabs on the frame (which held the OEM master cylinder).
$20 for the master cylinder and $10 for the aluminum, plus a couple hours of time. Maybe more work than you're willing to do, but it's working well on my bike!