Move steering column?

I just inherited an 85 longbed; with the seat all the way back, the steering wheel seems uncomfortably close; I would like to be able to stretch my arms forward about three inches when I drive; has anyone shortened their steering column and moved it forward a bit? I was thinking about taking out a short section where the column collapses, and drilling another hole up the shaft for the shear pin (I think that's what it is... Does anyone have any ideas?