8.75 green wheel bearing end play?

Which he's probably not going to break running less than 500 hp, so what?

The previous owner bought the axles, the 5x4.5" pattern is useful for a lot of reasons that have nothing to do with strength, and the disk brakes work better regardless of the horsepower.

Unless he's building a dedicated drag car on slicks or running a boatload of horsepower I wouldn't be worried about the 741.

The biggest concern I'd have is that the aftermarket axles are the dumb kind with the 5x4.5" bolt pattern, but the SBP axle flange offset...
How would I go about checking if they have the SBP flange offset?