Re:
The Simplex gear should do 5 sp easily. It needs some more tension on the top spring, you might have a choice of several different holes for the spring end. It might need less tension on the bottom spring.
Campagnolo hubs were normally generously spaced to clear the frame, and you have forged ends (I think) You do not need a spacer on the inside of the block.
Get the parallel arms pointing downwards, not forward, and with 47 x 50 on the front you should be able to get the 28, adjust the wheel back and get the chain length right.
I used a Simplex front changer, we used run them flopping loose, open out the changing fork, and bend the lower part inwards, so if the crank touched it, it would push it in a bit. I could change up a chainring with the inside of my leg.