@WillWork4Parts The Corvette 5 speed was Schwinn's first production 5 speed model, plus it was a Middleweight. It used a thinner front sprocket for the 3/32 chains and Schwinn reversed the sprocket offset with the dish out. After the Corvette 5 was discontinued at the end of the 62 model year there were no 5 speeds made in 1963. In 1964 the Collegiate 5 speed was introduced, and it was equipped with the same front sprocket that the Corvette used, part #6355, and it was also installed with the offset to the outside. Then for the 1968 model Collegiates Schwinn reversed the offset on the 6355 ring to the inside and then added the spacer washer. For 1969 they used the Mag sprocket, and I have no idea how that was set up. When the first 5 speed cruisers came out (Klunker, Spitfire) Schwinn produced a new 5 speed sprocket and they were also installed with the offset to the outside.
I can see why your KS might need a spacer washer if your stand tube was welded on protruding further out since there is a very small gap between that tube and sprocket. A slight depth variation in your cup may also be causing part of the clearance issue. Here's one of my 1961 Corvette 5's frames and the stand tubes appear to be EF'd and then some added brazing. On my 62's the rear caliper/fender brackets, front chain guard mounting tab and cable guides were EF'd, not brazed on.
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