There are two different MTech I wheels...coarse spline and fine spline. Our cars are fine spline, along with the e34 & e38. The two styles look exactly the same but are not compatible. IIRC the switchover happened in 1988, but I'm not sure exactly.
The airbag wheel does sit further away from the control stalks. You can bend them but I'd be careful with that. Pull them off & use a vice & do it carefully. Better yet, just grab a set of non-airbag stalks. All e30s are the same for those.
I grab an extra e30 spacer and used both on the wheel, one below & one above. Otherwise the nut wouldn't lock the wheel down. I also had to pull the little white plastic thingey out of the column because it was making the wheel stick in two spots as it rotated. I cannot describe just how annoying that was.