Alright, I think I have a plan of attack. Please let me know if I am overlooking something. It wouldn't surprise me if I was.

Since it wouldn't hurt to replace the front studs, I am thinking about using a 1/4" spacer with some slightly longer studs. It looks like the 3/4 rear studs would work perfectly. They have the same diameter/thread but are slightly longer. That would give me more than enough room to clear the tierod and enough thread for the lug nuts.