I've got the Lakewood model as well. I also have the Ford Aluminum driveshaft - it's close, but it doesn't rub.
As for placement, I've got mine a few inches behind the U-joints. I thought that the instructions told you where to put it? Maybe I'm wrong though as it's been a long time since I installed my loop.
As I recall, the curvature of the braket matches up with the underside of the car so that you have a pretty good idea where it goes. Otherwise, it doesn't seem to seat properly on the body. Does this make sense?
Good luck,
E
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1991 5.0 LX Coupe - 40,750 miles
331 cu. in. / Tremec 3550 / BFG Drag Radials
12.22 @ 114.31 mph - w/1.89 60'
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