Thanks for the replies. Good suggestions all around. My research says that a 1" airspace behind a non-combustible heat shield reduces the clearance by 2/3. I hope that's the case because that's all the more room I have. I'm planning an extra layer of protection by sheeting the wall behind the heat shield with a non-combustible material... cement board or something similar. This is a non-residential use, and I'm not subject to inspection due to the small size of the shop. What I need is practical functionality and safety. Following the codes seems to be the best option for practical safety. I need to keep in mind, too that the firebox for this little cookstove is only 14" X 8" X 8".
The windows I have bought are all vinyl... no wood. I like the suggestion of a removable shield over the window. There's no moving the window as that wall is already framed, and I wouldn't have room to move it anyway. I could start with the shield in and monitor temps. If I find that the shield is staying cool, I could remove it. I'd remove it for the summer for sure.
Here's a brainstorm... Glass is non-combustible. Maybe I could make the shield for the window out of glass so that it still lets light in.
One more question... Is there a way to but the shield on the stove instead of on the wall? Would that help my clearances?