Bronco Drivetrain

[Forest_54_Ford]

Hey guys, Recently I pulled and saved a 1954 Ford F-100 out of the forest. It was on the ground slowing sinking to its death. I pulled all 4 drums off (PITA ) And rolled it onto a flat bed. Here is what I have noticed:

I am from central texas so this truck is totally rust free (surface rust doesnt count!)

It was originally a 292 I think, but someone took the valve covers off along time ago, and the engine must be seized.

Also, the body sits wrong, it leans to the passenger side hard. Could it be bushings that are bad, or could the frame be bent somehow.

Last thing:

I know a good friend that is selling a 1978 Ford Bronco that runs, drives and stops. It has a 351 4v in it. How hard would it be to swap, and possibly trade frames on these? the body on the bronco is toast, used as his hunting vehicle. Itd be nice to have front disc brakes and a reliable v8 under the hood.

Thanks, and sorry for the long write up.

Ryan