James 1866 looks right meaning the 1901 aged 72 is his widow; died 2 months after son David born hence no further births whereas I had thought it was Eliza.
Forgot about Familysearch for the early deaths (let's hope they finally appear on IrishGen next year!)
D/1866/105/1011/2/87 James Shaw 20th August 1866 aged 25, Killyleagh Sub-District of Downpatrick. Registered by his mother presumably, though likely no relationship will be stated.
That is definitely the right Elizabeth mother-in-law, Emc4888 should have been able to clarify last reply when mentioned the daughter Mary.
Alexander McMahon married Mary E Shaw in Saintfield R.C. Chapel 21 Nov 1888, both of Leggygowan & stating father = James Shaw, labourer, deceased.
https://irishgenealogy.ie/files/civil/marriage_returns/marriages_1888/10783/5932288.pdf