If the shaft size is correct you may be able to get a "spacer" made to get you the correct distance from the cross member to maintain drive shaft angle. You would have to take the measurements and "design it" and then find a local machine shop to fabricate it, unless you have the equipment to do so yourself.

If you have access to a Hydraulic press you can "rebuild" the propeller shaft support . You can get the rubber cushion and bearing from The Filling Station. Part number DS-259 and the bearing B-49 ( or bearing X88107 available at most any NAPA , Autozone, etc...) .

According to the 1954 Parts and accessories catalog , group 5.432, your truck uses the same "Hanger Support " as the 3/4 ton , Support 3685951, and the same "bearing" , Group 5.436 , part number 954257 , same as X-88107 , and the same "cushion" Group 5.439, part number 3657610. The parts from the Filling station are said to replace the cushion and bearing. If you are careful you can "save" the shield and slingers for reuse.. Note that this is the "single row" bearing set up. If you have a double row bearing then we have a different set of part numbers to deal with. Other parts places may have the same products as The Filling Station.

https://www.parts123.com/parts123/yb.dll?parta~dyndetail~Z5Z5Z50000014a~Z5Z5Z52161~P12.50~~~~S59C0ZKT6N97852021936b~Z5Z5Z5~Z5Z5Z50000014x

copy the above link and paste it into your browser

I "rebuilt" the propeller shaft support on my 1954 3/4 ton truck. I purchased all the parts after doing a lot of research and I still have an extra outer shield and two slingers. If you have questions you can PM me. I'll respond as soon as I can.
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Last edited by Dusty53; 07/29/2018 9:20 PM.

Ron - - Dusty53
1954 Chevy 3604
In the Gallery Forum
"You can't dance with the Devil and then wonder why you're still in Hell."
"They will forget what you've said, and they will forget what you have done but they will never forget the way you made them feel."