Actually I loved the idea of the spacer behind the disk rather then ontop of it. First of it looks better, secondly the splines on the stud extend into the space locking it onto the hub. I dont think there will be an issue with it. Posche 911 turbos ... mid 1980's also used a spacer that was around an inch think, maybe more to offset the wheels into the turbo flares. If they didnt have an issue with it Im willing to bet it works fine.
Yes that is an MPG shock tower/export brace Its really a nice peace and it made the car feel much better.
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