So after stepping back and looking at my idea I now see a fundamental issue. The bar across the rear frame crossmember that I removed has a huge function. It prevents the spare from being crushed up into the sheet metal when the vehicle slams down onto the spare tire coming off a ledge. My spacers will keep everything snug BUT don't project the body panel they are attached do. They will either crunch the panel or crush themselves. Neither of those option are any good. I think I'm going to scratch this idea and just mount the factory bar 1.5" higher. I will need to drill new holes and dig up some hardware bolts. It will be REALLY close to the pinch seam. I am going to notch the pinch seams right where the bar crosses under it. If none of that makes sense then sit tight. Will take about an hour before I have it all done with pics posted.
Yeah, I wasn't thinking as far as slamming down on the tire, but my last wheeling trip I was dragging my spare all over the place and that definitely would have destroyed the pinch weld/body where those mounts are.
Drilling holes may be difficult since you cant get behind the frame to put nuts behind it unless you weld nuts to the exterior of the frame. I used washers to pitch the factory bar upwards but I also only went up 3/4".