Some of us purists would question the wisdom of butchering up a more or less intact special-production vehicle, but it's "Your circus and your monkeys"- - - - -and your checkbook that's going to be taking the hit. Have you checked the engine casting number? The "235" might actually be a 261 engine, which will be worth considerably more to someone who wants the 235's big brother. A simple bell housing change to one for a hydraulic clutch equipped V8 would allow you to use the original drivetrain without any major modifications.
Jerry

"It is better to be silent and be thought a fool than to speak and eliminate all doubt!" - Abraham Lincoln
Cringe and wail in fear, Eloi- - - - -we Morlocks are on the hunt!
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. - Ernest Hemingway
Love your enemies and drive 'em nuts!