Not Enough Clutch Travel

I think that lost 1/4 inch is in the clutch pedal itself. Because of the way the spacer I have welded to the clutch pedal, it makes a downward swing slightly before it goes forward to push the master cylinder rod. Still though, I don't think I should have to push the pedal "that" far but then again, you never know. I'm gonna pull the presssure plate and get it tested. It was a display piece I got a good deal on. Or I " thought" I did. The search goes on........... :banghead: