For a Long (original Ford style), you need about .050" clearance at full travel (with a feeler gauge). With a diaphram (Center Force), about .045. MINIMUMS.
IF you had .050" previously and it is .025" now, something has changed in your set up. That is a big change.
The thickness of the discs in my experience new is around .375". That is what I expect to see in a new disc. What can change that is the amount of Marcel built into the disc.
Aftermarket clutches intended for other vehicles like a Mustang for instance may not work in the Pantera.
IF you can't find the additional travel necessary in the Pantera slave cylinder, then the only alternative left to you is to seek out a clutch disc that is thinner. That is the simplest solution at this point.
I don't mean to disparage so called "clutch experts" BUT often in regards to the Pantera clutch, "their experience" IN OTHER VEHICLES, is mostly irrelevant.
You need a Pantera specific clutch. That includes all of the hardware like the long throw slave.
There is no other way to do this.
Also, be aware that you can get a brand new clutch assembly to work "cold" with minimal clearance but as you drive it, it will heat up and those clearances will close down some.
That's where you start to feel resistance in the trans hanging up going into gear. So if you had it working cold with tighter clearance, that was false hope.
The diaphram type is easier to set up since it needs less clearance. The Center Force dual friction for the Pantera is a good way to go unless you go to Dennis at Pantera Performance Center.
That really is his recipe. It works but only in the way he tells you to prepare it. Trying to circumvent him by copying it yourself may not work. It is really in how the Chef prepared the ingredients.
OH! A sure sign that you are already in trouble with a Pantera and unpacking the new clutch with a Long style is that the counter weights on the three arms on the pressure plate ("clutch cover") are still there. Those have to be removed to clear the inside of the ZF bellhouse, so right there you would already know that it is the wrong clutch.
To my memory, I never saw an "original" Pantera disc with "modified reduced Marcel" but I have no doubts that it did exist for at least some cars.
Exactly how Detomaso slipped that past Ford at the time is beyond me? That was "tricky"!