Problem with the 465 forks is that they aren't really flat. My thought is the forks would need machined flat, THEN a pad could be used. You'd need to drill the locating holes for the pad retaining dimples too.
As to VSS, yes, it sure looks to me like the reluctor has hit at one point in it's life. Since GM used a gasket on the VSS, I can't imagine it's a SUPER precise distance. There would seem to be some real tolerance problems, since the output shaft has an endplay tolerance greater than zero, and nothing in the assembly was probably put together and "indexed" to make sure the VSS was X distance. I'd have to look in the '91 service manual, but I bet replacing the VSS simply says unscrew and insert new, no measuring or anything.