Here are a couple of pics of the bearing/spacer stack.
The two notches in the drive plate have to be aligned with the nubs inside the gear box, if not, the assembly will lock up when the nut is tightened, and if over-tightened may damage the plate or box. With the nut fully tightened, the axle should spin freely in the wheel.(I always do this part with the wheel removed from the bike.) If it does, mount the wheel in the forks, and position the gear box where you want it and tighten the fork clamps.
The Honda front hub isn't symetrical; if reversed left to right, it will shift the center of the tire and the brake rotor to one side, with may cause the brake to be out of alignment enough to bind. While the drive won't work with the stock Honda wheel reversed, it will with a Morris wheel, and possibly a Lester too.