Thanks for the kind words and encouragement. I'm debating shaving the fender lip a bit, but I don't want to lose the structural integrity / support the lip offers for that part of the fender. I'm thinking if I step down to a 1/4" spacer I may get enough room so I'd only have to nip off maybe a 1/8th inch. I could also do a 3/8 th inch spacer.
The wheel studs will be shortened from 75mm to 50mm.
At Jim's encouragement, I need to check both sides of the rear before committing to any spacers, because one side will be closer than the other.
Slow and steady wins the race ...