Originally Posted by CdCf
No, I now have a 127 mm spindle, which was the shortest that would allow the ring to clear the chainstay.
I understand that, but putting the chainring further away from the bike's middlepoint would increase your chainline problems.
[QUOTE=CdCf
Redishing the rear wheel? That would accomplish nothing but making rear braking impossible.[/QUOTE]
No; redishing is necessary EXACTLY for the reason to keep the rim in the centerline, while pushing the hub sideways. That's why I also mentioned that you have tofiddle with the axle spacers, too.
Anyway, do as you wish, but trust me on this: chainline is critical.