Brake smell is a little different, but if you'd not familiar with it it could smell like rubber. I was working on brakes on my suburban just today and noticed the new pads smelled more like rubber than brakes, but anyway....
I haven't had to mess with my rear caliper, so i don't know how accessible it is, and the bags on the touring will make it worse, but the idea is to take a pair of pliers and squeeze the piston side of the caliper against the pad or the rotor and force the pistons back info their bore a little ways, and unstick the seals. I do this to my front brakes when the lever bottoms out against the grip, and it brings the firm lever back. I think you have the opposite problem and the pads are dragging the rotor. Pushing the pistons back in may not fix it, but it's a place to start.
If that's not it, and you aren't doing burnouts, i can't imagine what it could be.