I wouldn't do it. 3/4 ton brake drums are hard to find, kink pin replacement is much more difficult than on the 1/2 tons, and all of the suspension replacement parts are more expensive than what 1/2 ton parts are.
There is the easy way, the hard way, and the smart way, but the interpretation of these ways is up to who's truck it is.
You will have fun regardless of which way you choose to go i am sure.