As you may recall the Lycoming IO 540 C4B5 I'm working with is from a Piper Aztec. The good news is there is no interference issues with this engine. The clearance was right at 3/8". I'm not sure if all C4B5 use the same oil sump, but the right engine on a 1974 Aztec works just fine:)
If there is interference there are two fixes I have heard about primarily through the Matronics RV 10 e group and these are: 1. get a different sump or 2. cut out the tube and weld in a new one that is bent to clear the oil sump. I'm just glad it was a non issue for me! If you are not familiar with the Matronics RV-10 Aircraft group check it out. It is a great resource: Matronics sign up