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The biggest problem is a (almost) non existent air gap between the exhaust pipe and the MC. An aluminum sheet could help deflect some heat if you can fit one . I simply buzzed down a bit of the casting dime shaped lug to allow some air to circulate through with a small air flap disc to make a bit of room. That can be done without undoing the brake line . So far it has worked for me and no dead rear brake after running in slow hot traffic.
Had the same problem on my 2018 Eldorado , Fix cost nothing but some time . I loosened all the exhaust fasteners from the head back and simply applied slight down pressure and refastenedeverything , no exhaust leaks and the slight added clearance ended the brake fade when in slow hot traffic .
The exhaust is above the the master cylinder so down pressure( towards the ground) would bring it close to the mc not further away. So perhaps moved upwards? As for 1400 exhausts , they tend to seize at the joints , at least mine was when installing Agostini slip ons and realigning the pipes and balance tube so careful handling , heat etc , penetrating oil etc is recommended when loosening any of that stuff.