While I have shortened some axles and it does work it's not simple....
Another I think better way to go about it is adapt newer spindles complete with the related disc brake components to an original axle beam. This can work great and works better on dual wheel trucks than single, but won't work in all cases because of the measuremnts, you need to check.
Here's the info.
https://www.stovebolt.com/ubbthreads/ubbthreads.php?ubb=showflat&Number=725027#Post725027Grigg