The $50 clutches are outboard, meaning they sit way out on the end of the shaft and don't slip on more than half the width of the clutch. You can cut the shaft down but make sure drill and tap it first to use the old hole as a guide, THEN your bike might need a jack shaft to line up.
Other option is to pay $100 or more and get a 1" that slips on like a regular clutch. (more than the cost of the engine :wink: )