Torque Tube Connection to Transmission

[Henry Ford IV]

I hope the pictures posted. This is the connection of the torque tube to the transmission, looking up at it. There is a space between them. The bolts will not snug down, and, I am afraid to really go after them because the whole bolt seems to move, as if it will come loose? What is going on here? Can I leave it as is? The prior owner had it frame off, engine and trans and rear out.