The driveshaft will not be needed, you can have one made, it would very unlikely that the Z would have the right length. Also, check the width of the axle before you buy it, a better swap would be from a '73-'79 Camero/Firebird as they are the right width and still standard bolt, not metric. What about front axle, keeping it stock or adding disk brakes, or M-II?
All the brake adapter kits use the older 73-79 calipers and rotors, at least mine does, and a Ford bearing to adapt them to the straight axle spindle.
My '37 does just fine with manual disk/drum brakes. I have heard power brakes can be touchy, check in the other forums, there is a thread going about adding power boosters. Joe