All crinkle hubs use the left (brake drum side) as the primary location for the bearings and central spacer. First into the hub goes thrust washer 65 5884, in reality a ring rather than a washer, sitting on a narrow ledge. Then the bearing and locking ring. Plunger hub has a locking ring to the other bearing, S/A hubs don't, but here the centre spacer is shouldered to fit thro' the centre of the races, Plunger type just butts between the inner races. Spindle shaft diameters differ, hence different bearings for the two hubs. Bearing OD's are the same, ID's differ.
In effect the right side race settles in the bore of the hub and finds its happy place in the S/A hub. Don't over tighten the right side locking ring on the Plunger Hub...this will load the race.
So yes, you could machine away the unwanted internal thread, but the unmolested part is a little rarer and worth a fair wedge. Shame to modify unless you really have to. That one looks to be a good example.
Swarfy.