I measured mine with my 42.5 and got about 117 mm. I didn't push too hard into the stays, so there may be a bit more. I keep thinking I'll try it again and snap some pics.
Thanks!
I've made a mistake though, the Synonym doesn't run a 45mm... But it makes no sense that 37.5 is 100mm and 42.5 is 120mm. That would mean a leverage ratio of 4.
I suspect the 37.5 has slightly more than 100mm and the 42.5 has slightly less than 120mm. That's also what my software is telling me for the FM936.
I actually believe now that the leverage ratios of FM936 and Synonym are pretty much identical.
For the FM936, the software says:
37.5 = 102mm
40.0 = 108mm
42.5 = 115mm
That fit's with your measured 117mm, especially if you pushed and made it flex a little.
Interestingly, the FM936 with 42.5 shock has more travel than the Ican S3 with 45mm shock. The Ican is more progressive though.