you shouldn't have to space it, rather flip it 180 degrees- make sure the same side of the ring in contact with the spyder as before.
If you're still planning on running a FD and a granny gear, you might run into trouble if you have a chain keeping peg on the chainring which would run aligned with the crankarm.
you will also lose (if you have them) the ramps and pins on the big ring.
Edit: on second thought, nevermind, this will never be a permanent solution if you want to keep an FD.
Last edited by IthaDan; 02-14-12 at 01:05 AM.