Thank you both thruman and 35mike for your help and thank you everyone for your comments and support. It is reasons like this that I'm so glad a site like this exists.
As I said above, both the engine and transmission are in tough shape as they were removed from the truck and my father-in-law attempted to make a home grown skid-steer using them. He never completed that project so they sat outside for 50 to 60 years. You've got me thinking about what to do if the engine is not salvageable, then a possibility might be to move to a 216, maybe.