Need some advice from the experts of this fine forum. I have inherited a 1946 1/2 project and would like to restore it with a modern drive train and is reliable. i have a 235 but it is in pretty bad shape and a quote from the local engine rebuilder said it would be about $5000 for a complete rebuild. I found a 350 engine and th350 transmission package from Pace Performance for $5000. I would like to go this route since it seems more reliable. Will I run into any issues doing this, and what would be the best approach to doing this kind of swap?

Also the person I got the truck from had an independent suspension installed as well as a rear end from a 1992 s10.

With installing this engine and transmission will I need a different rear axle and/or driveshaft? I am sure I will have more question but this will be a good start.