Well crud. I thought I had kept the crushed spacers, but evidentally I threw them out.
Anyway, on the first side I set the torque wrench to 160ft lbs and started cranking away. I noticed that it felt like I should be hitting the number several times. So I backed it off and set it to 130ft lbs and still wasn't hitting the number. I backed it off to 110 and hit the number, but noticed that if I re-applied torque, it'd move about 1/8 of a turn and then the torque wrench would pop.
So I pulled the drop light over (it was after dark) and looked at the spacers... warped all out of shape. So I pulled it apart, one of the spacers was crushed so bad that it had split on one side. Being that it was getting late, I used the spacers for the other side and torqued it down to 100ft lbs (noticed even then that re-applying the torque, it would turn about 1/8 of a turn before hitting the number again).
The next night I pulled the good spacers out and chopped up the stock steel sleeve to make new spacers. Re-assembled the first side and then did the other side. With the steel spacers it torqued down to 160ftlbs just like it should.
If I come across the warped spacers, I'll snap a pic.