SU(16) grandunification: breaking scales, proton decay and neutrino   magnetic moment
  We give a detailed renormalization group analysis for the SU(16) grandunified group with general breaking chains in which quarks and leptons transform separately at intermediate energies. Our analysis includes the effects of Higgs bosons. We show that the grandunification scale could be as low as $\sim 10^{8.5}$ GeV and give examples where new physics could exist at relatively low energy ($\sim 250$ GeV). We consider proton decay in this model and show that it is consistent with a low grandunification scale. We also discuss the possible generation of a neutrino magnetic moment in the range of $10^{-11}$ to $10^{-10}\mu_B$ with a very small mass by the breaking of the embedded SU(2)$_\nu$ symmetry at a low energy. 
N.G. Deshpande, E. Keith, and Palash B. Pal