i made/make spacers for mine.
the green material is HDPE plastic. you could use any non-compressible material, i just have scraps of this regularly. a stack of washers did not perform satisfacorily for me, allowing the chainwheel to move
this spacer is 0.5 inches thick. i have made 0.75" -the chopper frames i favor have a ton of clearance, but the coaster brake arms start to become an issue if "you" have one
i made my first spacer with two hole saws (one large and one smaller) concentrically, dilling the larger first then removing the center with the smaler. i see no reason this could not be a square with a hole in the middle(eliminating the large hole saw) - it actually might be easier to align and balance. find the center by drawing an X using the square's corners - centerpunch and drill the cross
this spacer is slightly larger than the "rags"
i drilled the mounting holes using the rear chain wheel as a guide. if you drill while mounted be careful not to touch the spokes, a nick will weaken a spoke A LOT
and i switched to hardened 1/4-20 bolts w/ nylock nuts + flat washers(reduces twisting of the part)
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i am cheap so i like to use the kit parts and scraps. solid is the key
oh yeah, as you move the chainwheel out, you will need to move the motor as well, if ya see what i mean...
el