After doing some more searching, it does seem like drilling out bushings is a common practice. With that, I decided to stick with the Monroe Load Adjusting line and make the bushing fit the mount. For some reason Monroe does not make a list of the Load Adjusting shocks with specs readily available but I was eventually able to find it on a dealers website.
http://www.shockwarehouse.com/news/load_chart.pdf
From this, there was three candidates with the same eye mounts on each end and close to the length needed. Studs are 16" apart and would be 13" if trailer is loaded and resting on the bump stops. 58496, 58567, 58486 were the options. All were available on Amazon for $66-73 per set.
Ended up going with 58496, my first choice because the width of the eye is the wider than the L1 mount and the ID is 11/16 (L2 mount). Collapsed 13.00", Ext 21.25, Travel 8.25. Variable spring rate. Not sure how the variable spring compares to the 60lb springs.
http://www.monroe.com/en-US/catalog/e-Catalog/58496
The 11/16 bushing fit on the 12/16 shock mount studs with ease (as hoped) but ran into a slight issue with the top mount. The top of the coil just barely prevents tightening the nut on the mount.
Raised the chassis 3/4"
So close.....
Bottom mount fits well