The Shimano 105 PD-R7000 SPD-SL Road Pedal from Shimano strikes an ideal balance of performance, durability, weight and pricepoint.
Renowned for its strong and durable pedals, Shimano's R7000 model brings the weight savings of carbon to the party, all at a price you can actually live with. Shimano didn't go full carbon fiber on the R7000, like on its top-tier pedals, to save some cash and instead uses the material to reinforce the resin body so it's almost as light and more resistant to damage. The cleat/pedal interfaces utilizes stainless steel wings to increase durability and provide a wide platform helping to increase power transfer and stability.
The cleat itself is Shimano's classic SPD-SL, ideal for all-around use, and the included "Yellow" version has three degrees of knee-friendly float and other versions are available separately that offer more or less float to suit your tastes. Shimano also thoughtfully designed the cleat for easy walking, so you don't go skating across the floor when you walk into the cafe.
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The product weight specified is an approximate weight based on the manufacturer's specifications (if available) or our measurement of one or two examples. For most products, the weight will typically vary by 5% to 10%.
Weight: 265 grams
Mfg PartNum: EPDR7000
Cleat Type: Road Cleats
Pedal Type: Road Pedals
I run Ultegra pedals on two bikes and needed pedals for a third one. The 105s feel heavier in hand, but you probably won't notice the difference on the bike. The 105 stack height is reportedly ~1.5mm higher than Ultegra but I couldn't feel the difference when I swapped the two pedal sets on the same bike. Lastly, I can't comment on longevity. The 105 pedal bearings reportedly wear out more easily and/or need re-greasing more often than Ultegra or DuraAce, but I haven't owned mine long enough for a fair comparison. I use the 105s on my indoor training bike so they're not exposed to rain or road grit, which can impact bearing life and maintenance needs.
These were replacements for a previous set of 105's that I put 5000+ miles per year and probably had 20000+ miles on. Somewhere along the line the rear lip which engages the cleat broke and a small portion came off. The result was a feeling that my shoe wasn't fully in the pedal or that something was under the cleat. For me an old guy who just loves to put in the miles I took the advice of our older son and didn't go for the next level up as it would have been overkill. Hopefully get many thousands of miles before these need to be replaced.
I bought these pedals was a little uncertain at first but after riding about 500 miles. I wish I had bought them sooner they are easy to get in and out of would recommend them