Im running a V35 MOMO (its an older model) with the stock adapter @ 73mm (2.87") and no spacer it puts the steering wheel at a pretty good distance and mine is at a approx 40mm (1.57") offset the wiper switch doesn't get in the way but its close to it. The wheel is an 13" or i think 350mm.
by the way i am about 6'4" so im not a little guy.
I love my MOMO its been great and very comfortable. mind you that i had no problem with the stock wheel but it was a little to big for me to be able to get into the car.
as for the gauges i can see them for the most part the very top where the turn signal indicator lights are blocked by the steering wheel but i can pretty much see the tach and the Speedo.
CS
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