Low dollar torque strap

While I had the engine sitting on the K member I noticed a pre drilled hole in the motor mount. since it pretty much lines up with the mounting ear on the block I got an idea to make a cheap torque strap with an eye bolt and a longer bolt for the motor mount. After a quick trip to the local hardware store here's what I came up with -. A longer grade 8 bolt $1.05 with a short length of tube over it (which I already had ). And a J bolt (eye bolt would not fit) for around $2.00 . I adjusted the bolt so that the engine can move about 1/8" or so before it contacts the J- bolt . I'm hoping this will preserve my engine isolators although I don't really think with My mild 360 it's going to be all that much of an issue.
I would reverse the j bolts direction , have the open side facing in towards the water pump , not towards the steering box , or is that bassackwards ?