New drilled and slotted rotors, new pads and longer studs. I ordered the Moser MSR-8255 studs from Summit Racing. 12x1.5mm 2.5" long with a knurl diameter of .505". Here is the stock wheel with the stock short studs. Not safe for racing and will not pass tech in most racing organizations.
This is what the old rotor looked like with short studs.
Installing the long studs in the front rotors was easy, just press them in. The rear studs actually need to inserted into the axle so I had to pull them into place.
New left rear rotor with long studs installed
Now look at the wheel installed, plenty of stud, even enough for spacers if want to add them
I do have some caliper questions but I will ask them in a separate thread.