ed,
i've done this swap. unless you can find someone who's done the swap & wants to sell the whole rearend, that $400 price tag is as cheap as your going to get & that's not including the $250 rebuild kit (new bearings, seals, gaskets, shims & such ) which you should have if your going to do this to a 50 yrs. plus rearend. i was running a six cyl. when i did the swap & what i found was that the RPM's were still too high at highway speed. the problem with the old torque tube rear end is that your very limited with your choice of transmission,no overdrive etc..... i finally chose to replace it with a later model open driveshaft rear so could run a borg-warner T-5 with overdrive. if your still interested in the conversion check out the classifieds on stovebolt.com & inliners.org. there are always guys like me who've done the conversion & want more so they're selling a 3rd member with the conversion already done.