I didn't know there was a difference between 216 and 235 bell housings except the way the motor mounts attach. I think you could use the 216. I'm thinking I use one with my t-5 but it's been a while.

As far as the driveline, the touque tube keeps the rear end from winding up or rotating. Back when I used to care how close to stock my truck was I replaced the toruqe tube with a drivehaft and meatball from a 55-60 truck so I could run my three speed overdrive. You will either need to weld up the rear end pivots or replace them with regular spring mounts. While I suppose one could support and modify the torque tube to use it with open driveline it might be easier to just unbolt it and put it in storage in case you ever want to go back.


Grant
1950 Chevy 3100
1952 GMC 150 (In Pieces)
1968 Chevy K20
1966 Shovelhead
1978 BMW 100S