Made a bunch of progress here so will update the thread.
I think I mentioned it before but driveshafts from the Lada Niva have the same bolt pattern as our Fiats and uses CV joints rather than universal joints. I tracked down a Niva shaft that has CV joints on both ends like this one:
https://www.ebay.com/itm/Lada-Niva-2123 ... 2495114376
The part number 21230-2201012
With that driveshaft I was able to sketch up an aluminum adapter to convert the Fiat bolt pattern to the T5 bolt pattern:

I made it about an inch thick so should be plenty strong. I've never had a Fiat without the rubber doughnut... I googled around but could not come up with anything that made eliminating it sound bad, time will tell I suppose.
With this I had everything I needed. I cut off an extra tab on the side of the T5 to make it as thin as possible, pulled the Lada trans swapped bell-housings and put the T5 in.
The Niva driveshaft is too long so I had to shorten it.

This was my first time shortening a driveshaft, it was as easy as they make it look in youtube videos. From the last go around with driveshaft vibrations I spent a lot of time with a dial gauge making sure the shaft was as close to straight as I could get it before and after welding it up. I manged to get it within 9 thou, the spec for 124 with a torque tube rear end is is 11 thou, so I was happy.
I had to make a few mods to the tunnel. Some hammering was necessary where the T5's reverse lamp switch is located and around the driveshaft output. I also had to cut a hole in the top of the trans tunnel for the shifter box. I've done a 131 swap into a 124 Sedan in my past and I would say the mods here were about the same.
Coincidentally resting the T5 on the Fiat trans cross-member put it in the right place so made it easy to position the trans and figure out how to get the T5 rear mount to work. Pic of the trans all hooked up and resting on the Fiat cross-member.
I had tracked down the rear transmission cross-member and mount from the same model Mustang that the transmission came out of. Its way more substantial than the Fiat mount, Solid aluminum and using M12 bolts at four places. Unfortunately the Mustang trans mount put it up to high in my Fiat so I went through the auto-zone website and browsed all the rear trans mounts they offer. I found one, Rodatech 1636, that ended up fitting nicely into the Mustang cross-member and with the Mustang cross-member upside down it positioned the trans in the right place.
After some antics getting the exhaust re-routed around the new cross-member I did a few test pulls with the car on stands. No vibrations and everything stayed in place.
So lowered the car and drove it around. I'm happy with it so far. Car is more responsive, something to do with removing the doughnut? WAY quieter as most of the whirring and whining transmission sounds are gone and 5th gear is awesome quiet and very effective at cruise.
Next I need to do some work on the transmission tunnel before this is done but its getting close!