Bringin' back an oldie.
I just wanted to share my experience with this swap and it has not gone too well.
I rounded up all the same parts that Frank has and attempted the swap. Well, the z31 do bolt in to get the 5 lug. The 87 300z calipers are bolt on as well, except once you slap the vented 300z rotor non of it lines up. The rotor/stub axle is about 1/4in. too far in and the caliper rubs on the rotor. (needs about 4-5 mm more to clear it)
I have a striped down 87 300z control to take measurements from and its obvious why this doesn't work. The caliper ears are longer and the flange that the stub axle butts up against is also longer. No biggie though, I ended up redrilling my stock 280zx rotors to 5 lug and I'll just settle for no brake upgrade.
I'm still curious though, how the heck did you get it to fit? In the next few weeks i'm going to take a shot at fabbing up some brackets to push the calipers out a bit since I have these rotors and new calipers just collecting dust. Anyways heres a pic of the rear now. Just need new rotors and pads and bleed em and I should be good to go.
Frank, spill the beans!! lol, jk. but seriously