Phil -- I remember seeing the IPD bypassing kit, but I can't remember how they do it -- a bushing on the shaft to extend the pulley further out, perhaps?
Whatever... On my three 240s I'd added the non-a.c.-equipped power steering pump bracket and hardware. It mounts the power steering pump down lower and farther forward. It also frees up tons of room so you can get in there to change your oil trap element much more easily.
Go to a pick-n-pull and try to find a non-a.c. 240 -- should be lots of those in Canada. Remove the power steering pump (or not, if you need to save money), the metal straps which mount to the pump (they're different than what's on your car), all the bolts (they're different as well) and the plate which bolts to the block. Should be able to get it all for $15.
You'll also need a new accessory belt. And you won't ever need to split the crankshaft pulley ever again to remove belts. That's worth something right there!
If you don't do the swap right away, draw yourself a sketch of how everything goes. I ran into this my first time -- I grabbed the stuff right before snow season and didn't get around to making the swap until after snow season. By that time I had forgotten the geometry and spent a long time noodling it out.
Rob
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