I feel like a blithering idiot
Here's the scoop why I couldn't screw the sealed BB in:
There was interference from the screw that holds the cable guide on, that's underneath the BB shell.
Back when I had an open ball bearing set-up with a skinny little BB spindle having that screw stick down didn't matter. With a big fat UN55 sealed bearing unit, it did matter.
Backing the screw out: voila. BB screwed right on. That's about an hour of my life I'll never get back.
Chalk it up to a learning experience.
It's been said: You learn from your mistakes. But it's better if you learn from somebody else's mistakes.
I'll remove screw, grind it down, and reinsert.
Thanks for the help!