I have the recirculating type and it works great. Classic Parts sells a reproduction heater box, heater core and motor. The price has gone up significantly since last year, however.
https://www.classicparts.com/1947-54-Heater-Box-Round-Style/productinfo/68%2D206/#
https://www.classicparts.com/1947-57-Heater-Core-Round-Recirculating/productinfo/68%2D222/
https://www.classicparts.com/searchprods.asp