Gentlemen:
I thought I'd close out the string for future reference by someone else working on the same.
I picked up the new hoses last week, and they were pretty -- the guy making them spent some time making them out of hose that I think could be found on a Pratt & Whitney jet engine! Yes, they were expensive; double what I had already paid to Jim Carter.
Started on Saturday morning, put them on and then started the truck. Everything was leak proof except for a small weeping of oil on the canister connection of the lower hose. I tighted it up a but it was still weeping. Not feeling as if I could tighten it up any more, I took it off in order to apply some teflon tape to the threads.
I then began screwing the connection back in. Everything was going well until the hose tip spun free of brass connector on the bottom of the cannister. The connector had split!
Well, the cannister would have to come off now so I could get a look at what I was dealing with. Figured since I had it off, I might as well sand blast it and paint it back to orignal colors -- blue and orange.
After taking off the brass adapter on the bottom of the cannister, I was able to screw in the lower hose that I originally got from Jim Carter, and it doesn't leak. Don't know if not using the brass connector is going matter in the long run.
So, at the end of it all, I've spent double the money, and have a completely restored external oil filtration system. One thing always leads to another on a 55-year-old vehicle!
Again, thanks to everyone for the advice.