brake pedal too high

car is a 73 dart swinger that was orginally power disc and auto trans but converted to manual disk and 4 speed using parts from a 76 duster.

The brakes are all bled out and feel good just the pedal is high. Its about an inch higher than the clutch pedal. The rod measures 6 1/4 inches from the middle of the bolt hole to the tip and has no adjustment just a solid rod.

Not sure why it is so high up there. I'm thinking to fix it to either cut the rod down and weld it or make a spacer for the master cylinder. Any suggestions or help?