I believe the 1-ton running gear will probably be strong enough to handle the 292 if you don't get rowdy with it. One thing in your favor is that the 292 is a 7 main bearing engine with much better RPM capability that the 235- - - -it will run longer, with less damage, revved up a little than a 216 or 235 would. The adapter plate idea to mate the 292 with the early bellhousing is a good option, if you can get the flywheel, clutch, etc. to mate to the earlier transmission. Have fun!
Jerry
Last edited by Hotrod Lincoln; 03/30/2011 3:32 AM.