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I always believe it's easier and less maintenance hassles in the long run to do a swap as the factory built it, especially in this case. If you put it in the V8 position, you only have 3 issues:
1. Getting the V8 clutch linkage
2. Lengthening your driveshaft
3. Moving bell housing support forward (frame is pre-drilled for this)
If you go the other route, you only resolve the driveshaft and support positioning problem and you still have these issues (more hassle IMO):
1. Jury rigging or fabricating clutch linkages
2. Exhaust modification (if going oe style exhaust)
3. Cooling problems as fan won't sit inside shroud properly.
If your truck is a 69-72 LWB and has OE 3 speed then a front driveshaft from a LWB auto truck will work as physical length of the th350/th400 and the 3 speed is the same. I think even the slip yolk is the same as the th350. If it's a 67/68 tranny, using an auto front driveshaft won't work because it's dimensions are different.
As for the shift levers, I'm guessing there is enough adjustment on the compression nut end to compensate for the difference between v8 and I6 positions.
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Currently on or near the homestead:
67 Chevy SWB 2WD stepside 350/3 on tree (Pat's)
67 GMC SWB 2WD Fleet 402/auto (Brian's under construction)
67 Chevy 3/4 ton 2WD 402/auto (Business Hauler)
67 Chevy 1 ton dually 2WD 396/4 speed (Former business hauler, Needs TLC)
68 Chevy 1/2 ton Suburban 2WD 250 six/3 on tree (Brian's Needs TLC)
70 Chevy 3/4 ton 4WD 350/4 speed (Pat's - Disguised as a 68 GMC)
71 Chevy SWB stepside (Crushed by tree - parts donor)
72 Chevy 3/4 ton 4WD (Parts donor)
72 Chevy 3/4 ton 4WD Suburban (Parts Donor)
72 GMC 3/4 ton 4WD 292 six/4 speed (Mine - Disguised as a 67 GMC)
81 GMC 4WD Dually Dump Body 350/4 speed (Business Hauler)
82 Camaro Z/28 355/Super T-10 (Pat's toy)
93 Caprice 9C1 (Brian's Cop Car)
02 Toyota Camry (Reliable but a souless steel and plastic hulk)
2011 2SS RS Camaro M6 Factory Hurst Shifter 
Maybe I need to sell some of this crap 
Yet another Bozo with a sawz-all
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