Study of the 1970 parts book suggests some things you may find of value.
1. The drive shaft for 8-1/4 and 8-3/4 differentials are the same length.
2. comparison of drive shaft lengths between 7-1/4 and 8-3/4 rear ends indeed shows the 8-3/4 is shorter by 2 and some fraction inches.
3. the drive shaft lengths look different between manual and automatic transmissions, same rear end.
Work out precisely the drive shaft you have (and it's presumed length), and what length you want it to be. The upside, is it looks like the correct one is shorter, so you may have an option to cut up the one you got.
Better still, find the correct OEM driveshaft, used, for this configuration.