yah the ring is too far away. i mean it would be a stretch as far as height goes if the derailler worked, but it would fit.
i did flip the BB. theres not much difference on either side tho so i didnt make much of a difference. i have no idea how long the spindle is.
the chainline is not the best. its slightly slanted in the lowest gear setup, but there are no signs of stress. the chain doesnt derail at inopportune times