Stephen,
Hopefully the pictures tell a story. IRM have taken on board comments I made and I expect future wagons will be easier to convert to 21mm gauge.
The most disappointing part was the IRM wheelsets. I do not like wheels and axles that can't be dismantled. I was unable to reuse them for 21mm gauge of the same wagons but I have kept them and may use them on kit built wagons instead. Murphy's coaches had the same problem and an even shorter axle length, but I used them to replace HO scale wagons on some Marklin wagons I purchased.
I have attached a picture of a bubble converted to 21mm gauge. Note how thin I have filed the axle boxes to provide enough clearance.