Hi. I have the same dilemma. I have a 261 from a '59 2-ton truck to replace the original 216 in my '49. Patrick's recommends using the 6V starter on the newer 12V system. Has anyone done this without any problems? Unless I hear otherwise, I'm planning to stick with the original flywheel, clutch, starter, and throw-out bearing from the '49.
Good Luck!
Dan M.