You shouldn't change the spindle length because the spindle length is 
primarily used to determine chainline.

What you should do is to look for a BB spindle length 122mm, but with a 
2.5mm offset*. Then you can use a lipless mounting ring to secure the 
shorter cartridge BB in the wider BB shell. Not all Shimano left side 
mounting rings have lips; some are lipless like the Phil Wood, so don't 
feel like you need to spend as much on a mounting ring as on the entire 
cartridge BB.

BTW, you may or may not run into clearance issues with the crank butting up 
against the BB shell (left) and/or Cartridge BB (right), and you may or may 
not run into the BB shell running out of threads on the left side.

Good luck!

** Assuming 5mm offset is to the right, so (73-68)/2 should be deducted to 
give the same chainline.*
On Sunday, February 7, 2021 at 1:47:23 PM UTC-8 Ray Varella wrote:

> If I have a crank that requires a 122mm spindle with a +5mm offset on a 
> 68mm bottom bracket shell,
> Will a 127mm +5mm offset work with a 68mm cartridge bottom bracket with 
> something like Phil Wood mounting rings?
> Is that clear?
>
> Thank you 
> Ray
>

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