Wreckerman,
I also have a 1 1/2 ton '46 but mine is a grain truck. I'm considering a similar project but my concern it how much the front tires are going to stick out from under the fenders. I saw one on ebay a couple of months ago that had been put on a later frame and the front tires were sticking out a couple of inches past the fenders on each side. I haven't gotten serious about this yet but I think that any frame newer than '59 will give you a track width that's too wide in the front. Maybe they can be narrowed up but I haven't done anything like that. If and when I get to this project, my plan is to use a '59 1/2 ton frame that I already have and put a small flat bed on it. If I run across a 3/4 ton TF frame I might use that so I can put some 8 lug wheels on it to help fill up the larger wheel opening. I think I can get power steering kits for those. I'll be interested to see what you come up with. I've got plenty of time to change my plans if something better comes along.