Picture 1 Picture 2
Here are my thoughts...

First let me say that the position of the caliper and the mounting of the backing plate are some what minor issues compared to the following...
If you look at the way this thing is built you can see that the actual shaft is pressed into a cast body. Then it is smashed on the back side to keep it from coming out. This means that you have to have access to the back side of the hole.
If you look at the picture, you can see that the upper bearing is right where you would want the shaft to be for a 2" drop. So if you take the current design the most you could probably do is a 0.5" drop. That is hardly enough to be worth it.

Well what if we cast the shaft into the spindle!!

Well the problem becomes one of strength and bearing loads. The bearings would be all wrong. Right now the bearings are loaded fairly equal. If you move the rotational axis up 2" then the lower bearing would only carry about 25% and the upper one would carry 75%!

Now about the shaft being cast. I do not think that a cast shaft would hold up to the stress. I think it would have to be a forged spindle. It would also be difficult to machine the shaft, as the spindle would be off balance to the shaft.
So I think for those reasons, and the fact that forgings are expensive, that path is a no go as well.

I am out of Ideas on it for now...

What are your guy’s thoughts?