Indeed - looks to be as if the BB cups are at the right width. As to whether they're sitting properly is the question...and whether facing the BB might shave off too much material for the BB's own good (even though one can always let the adjustable cup sit outboard a tad more then usual).

You know, Sheldon may praise the type of adapter you are using (shown in post #19) as opposed to the older style of adapter (shown below)...



...but frankly, I can't agree with him on this point. Sure, the new version may accept standard spindles, and might be more accurate to adjust, but the design requires a BB shell that has been built to some pretty exact tolerances - something you, quite frankly, won't see in most bikes with Ashtabula cranksets (Schwinn being one of the exceptions, but not exempt of completely shoddy BB facing either).

The old style BB cups, as shown above, although not as exacting in fit, are much more flexible to work with when dealing with frames of dubious factory finishing work. They sit and adjust in the same way as an Ashtabula crankset would, consequently, they do not require any better tolerances in their fit then the Ashtabula crankset that was installed previously in the same frame.

Just my two cents.

Take care,

-Kurt