Ross Leidy
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LBD - I did not hang the cleats on the pegboard, if that's what you're thinking. I used 2-1/2" Spax construction screws through the 1/4" pegboard and into the stud wall behind, so there's 1-1/2" of the screws into the studs.
If your first cut is too short... Take the second cut from the longer end... LBD