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The event was won in stunning fashion by Canadian Kurt Oatway, who catapulted his way from a world ranking of 16th to win in 1min 25.83sec, finishing ahead of world No1 American Andrew Kurka, the winner of Saturday's men's downhill sitting event,
Frederic Francois, of France, took bronze.
``Obviously not the result I wanted today,'' Peters, who claimed the bronze medal in the men's downhill sitting event on Saturday, said.
``Conditions were quite bumpy out there and I just overskied the line and took it a little bit too wide on too many gates which costs you time. But that is just ski racing and there is a lot of variables involved.
``So, I'll take this and move forward. I have a few days off now and will get some training in for the giant slalom and of course be watching and supporting Carl [Murphy] and Adam [Hall], which I'm really looking forward to seeing how they go.''
Team-mate Adam Hall did exceptionally well to remain in 10th in the men's super-G standing event on Sunday, just 5sec behind the 1min 24.83sec set by gold medallist Theo Gmur, of Switzerland, also the winner of Hall's men's downhill standing event on Saturday.
Hall, who entered the event ranked 14th in the world, beat five of the 13 skiers above him in the world rankings. Hall took on the 34-strong field with an outside chance, given two recent gold medals at the 2018 World Para Alpine Skiing Cup in the US.
He remained philosophical at the finish line, with his favoured men's super combined and men's slalom events still to come today and tomorrow.
``It was great to get another start under the belt and just being here representing New Zealand,'' Hall said.
``It was a little sketchy on the course today as it's getting a bit warmer. This is a course that if you make a mistake you are punished; it is not very forgiving. So you have to be as consistent as possible.
``I feel as though I am at the strongest point I have ever been both physically and mentally right now. Today sets me up well along with yesterday's good result for the super combined and slalom. ``