if you have enough room to mount it inboard as it's intended to be..
then do so.
jackshaft size.. difficult,
3/4" is enough I'd say.. then again cheap stock material in 3/4" can be weaker than quality stock material in 5/8"... soooo yeah *shrugs*
Whatever is most comfortable to get maybe??
sure thing: the beefier the better but you need to get a new jackshaft housing, bearings the jackshaft itself, a new sprocket and a couple of things I might forgot in this short list..
so be sure to complete the list and check everything for availability and prices..
ODD bearing sizes for example can get pretty expensive very quick.
I can't tell since I usually do not mess with imperial sized stuff much *shrugs*
'sid