That extra spacer was probably added to take up the "slop".
That's what I think the PO did, when they swapped the sprockets (K8 should be a 630 chain with a 15 front/41 rear, but this had a 530 chain and 17 front sprocket). So I guess someone put the new sprocket on, bolted it up and said "whoah, that sprocket wiggles. Well, I'm certain I know better than Honda engineers, I need to add something to tighten up that sprocket... here, this doohickey looks like it'll fit in there".
Note, that spacer was NOT centered when I took it apart, it was, for obvious reasons (spinning sprocket, nothing to keep it centered) slid off-center. You can even see the pattern on the picture I showed of the wear mark on the sprocket where the spacer would sling around.
So I know there *should* be "slop"... I just wonder whether there's more here than there should be.
At this point, I'm gonna "send it".