How did you arrive at the 2 5/8 offset. Just asking. I believe you got it from the way I described above.
You must have a one-off third member because I just measured the offset on three I have and they are all 1-5/16", which when doubled is coincidentally, 2 5/8". There are casting lines on the topside, at both the third member center and the pinion center lines.
The axle tubes on 8.75's are equi-length.
What were your measurements for the centerline on the wayfarer? Rocker to tunnel on each side.
My guess.
If you really need 1.5" offset. From the centerline of the housing you need it to be 3/16 longer to the drivers side. So add 3/16 to 25.25 for the drivers side and subtract 3/16 from 25.25 for your pass side. That should put the pinion at the desired 1.5" offset to pass side.
I've shortened more than my share of Dana's and 8.75's, the 2 5/8" offset assumption is a common issue and that's the difference number you want to come up with when measuring flange to pinion centerline for each tube.