Originally Posted by
tricky
[MENTION=545141]5mm[/MENTION]
Spindle lengths are specific to cranksets, not bikes. Here's Sheldon Brown's list of Sugino cranksets and the needed spindle length.
Are you sticking with the Sugino? If so, go with the Sugino spindle length and not the Shimano since the chainline is determined by the driveside crank arm and not the non-driveside (NDS). Caveat: If you are going to keep that Shimano NDS crank arm, measure the non-drive side of your current spindle to make sure the new one that you eventually get is not too short. You don't want to install just to find out that your NDS crank arm is hitting the frame.
Oh, and pics please.

Thanks
tricky that Sheldon chart helped narrow things down further as its Sugino XD crank which puts the spindle in the 113-118 range. And I'll keep the NDS crank arm in mind too, good point. Hopefully I can keep my funky setup.