Ok, so I bit the bullet and ordered the $90 red poly bushings with new sleeves. The reason? Convenience.
I have an '87 Monte Carlo parts car that had a V8. I got the crossmember from it to compare. It's not the same length and the holes are smaller. I tried putting it in my '86 Monte Carlo and I couldn't get it to fit. I need this car back on the road soon. I don't have time to mess with figuring out a solution to this problem. I've still got a transmission to rebuild and put in and then I have to fix my truck so I can use it to move into the house my fiance and I are buying. It killed my soul to spend $90 on these little bushings/isolators, whatever you want to call them but I didn't trust just putting a bolt and nut on. The holes in the crossmember are pretty big and it seemed like there would be potential for the crossmember to move. Check out these pics and you'll see what I mean.
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The good news is that I got the rebuild kit, torque converter, shift kit and transmission mount ordered as well. I'm hoping to be able to drive this car again soon!