Eric, unfortunately, the rear axle housings are different between the two, as the rear suspension is different. The Bugeye has 1/4 elliptic rear springs that go from the housing forward, and the Midget has semi elliptics. These go all the way under the axle, like a conventional leaf spring setup. The mounting points, both on the body, and on the axle housing are configured differently.
Personally, I like the 1/4 elliptic setup better.
If the Midget has the add on type wire wheels, that use an adapter bolted to the brake drum, you can swap them over. If it has the original type, using axles splined at both ends, they won't fit, as the rear housing lengths are different. Hopefully it has the bolt on style, as the wires do look nice, and with the round wheel arch on the Bugeye, clearance isn't that big of an issue, as it is on the later square arch cars.
Which end needs the wheel arch repair panel? if it's the front, you can use the one from the Midget. I had to replace the right front on the Bugeye that I race(d, and I used one from a '74.
If it's the rear, they run about a hundred bucks or so, and are readily available, but a pain to change.
Do you still have the original 948?
The 1275 and the ribcase make a nice swap, as they are not only a drop in installation, but do pep things up considerably. And, should you want, performance stuff for the 1275 is easier to get, and cheaper than 948 stuff. You can definitely trust me on this one, as I am currently racing a 948. $$$$$$$$$$$$$$$$$$$$$$$$$$$
The gear ratios are better in the ribcase, and the synchros that are used are replaceable, and heavier duty. Of course, if you really want a nice package, do the 5 speed conversion using a Datsun B210 tranny.
I've got four Bugeyes that are waiting their turn for restoration, but they are way down on the "things to do" list right now.
Have fun, and feel free to ask anything at all.
Jeff