Hotrod, Somebody before me dropped a 327 in it. I use it to haul our quads around. I'm not looking to scream down the highway at 75mph. Right now, it's screaming at 3000 rpm to do 50 mph. My goal is to get the rpm's down so I can drive it a little further than across town. So, to answer your question, it is still being used as a truck but probably not how it was originally intended to be used.
--Steering box is being rebuilt this winter
--Light all work
--Brakes all work but that was part of my question with the axle swap