Yes mine does clear that brake rod. I use the parking brake regularly too it has not posed any issues.
Yes I did indeed cut an access hole. Ford of this era provided that courtesy, I’m always scratching my head why GM declined.
1949 Chevrolet 3/4 Ton - Still Solid. Regular Driver OT Vehicles: 1925 Hudson Brougham Super Six 1950 Chevrolet Styline (Parts) 1952 Canuck Pontiac Sedan Delivery (Well Underway) 1973 F250 4x4 Highboy 1977 F250 4x4 Lowboy