First, the short shaft situation. Don't use an "SS" style Max-Torque if the shaft is 1.5" or less because the sleeve of a Max-Torque is 2 pieces and they will be pulled apart in a very short time without the full support of the crankshaft. The only exception would be a racing clutch which is a one piece hub and sleeve. Putting an extension onto the crankshaft put a lot of pressure on the bolt size used to hold on the extension which I would lean towards a 3/8 bolt to hold things together.
Now for the long shaft cranks, leave the crank long don't cut it off. It is easy to find a 3/4" spacer using either some copper tubing or fittings cut to length or some PVC. Or you can go out and buy some 3/4" lock collars. If you decided to use the PVC or copper tubing, since it is a spacer it won't get much wear and tear and it will hold up. Put the clutch on first and see where it is centered to the rear sprocket, mark both ends of the clutch as it sits on the crankshaft. Take off the clutch and measure the lengths of the spacer you need to make from the step in the crank to your mark on the shaft and cut your spacer and do the other end for the second spacer. Using the lock collars, slide the first on on before your put on the clutch and the second one on after the clutch is in place center the clutch to the rear sprocket. Slide the collar back from the clutch the thickness of a penny (about .060) then tighten down the lock collar. My favorite measuring device, a penny, which about .060 thick and exactly 3/4" (.750) in diameter, so now you know it is worth keeping a perrny around to measure things.