Series 1s did not have fully floating shaft rear axles.
To aid changing axles more easily some people put in fully floating shaft rear axles from later series vehicles. This allows the use of series axles which are longer than series 1 axles - hence the spacer to move the hub out a bit to engage the series 2 axles.
As Charlie has said - just fix what you have and put in longer bolts - there are plenty of Series 1s running around with the arrangement you have - it works well and is easier to change axles if the need crops up.
Garry
REMLR 243
2007 Range Rover Sport TDV6
1977 FC 101
1976 Jaguar XJ12C
1973 Haflinger AP700
1971 Jaguar V12 E-Type Series 3 Roadster
1957 Series 1 88"
1957 Series 1 88" Station Wagon
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