Looking at it if i were to flip that jotted i would probably start by removing the spring, slick and brake mounting brackets then i would find a adequate steel pipe that would fit completely around the axle, split it into 2 long wise and then clam shell it around the existing axle and welled it up so that the original axle is incased in the pipe. Wild the brackets back on, paint and put it back on the car. You shouldn't lose any clearance to cause interference issues either.
I presume you are talking something like this.