Are you the original owner? Did you change out the turn signal switch, or is this how you bought it?
I've never actually seen a turn signal switch that looked like yours, but that does not mean the factory didn't use something like that. However this is what I'm used to seeing on a '76:
https://www.wildhorses4x4.com/product/Manual_Turn_Signal_Switch_7477yr/Bronco_Stock_Column_Parts
Has just a single horn contact, like the description of the adapter and the fact that it's got just a single copper plate on the backside.
Frankly, I don't remember ever seeing an adapter with the contact plate sitting so proud of the base either! But then it is adjustable, with that small set-screw visible in it's collar.
Maybe yours has more adjustment than I've had to use before, but if you loosen that screw see if the sleeve/collar will slide down far enough to cover the gap.
This is a feature to compensate for differences in columns and shafts.
If your retaining nut is tight and you have a couple of threads showing through the top, then you're probably bottomed out correctly on the splines and taper. Don't keep trying to crank it down farther.
If the nut is just barely engaging the threads however, something is certainly amiss.
But check that turn signal switch first. Let us see the backside of the Grant adapter while you're at it.
And test for 12v at both of those copper contact points. You really should only have one, and it's just a ground when pushed. But maybe there were variations I'm not aware of.
And sorry about that hassle too. But this is definitely an oddity from my experience.
And I should add that there is almost nothing on a vehicle short of a wheel lug stud that you use an impact driver on to pull something up Especially if it's made from aluminum!
At least not that I can think of anyway. If something don't fit, something's wrong and needs to be cautiously sussed out.
I suppose there are other things that might take a cinching with an impact. Maybe the others can think of some, but I can't think of any.
Good luck.
Paul