That will be a fun truck. '53 is a good year. We're just finishing one up for a friend of ours. Redid the electric, brakes, new 235, 2 inch drop out back. Should be fun when it's done.

Let's start with axles. this depends on what you want to do. everything that has been said here is true, to an extent. You won't really notice a difference in your ride between the straight axle and IFS, when you're driving down the road in a straight line, but you will when you're pulling into a corner. So the decision here lies in what you're trying to do with the truck. The power steering question has seemed to be answered pretty well and same with the brakes. First thing I would do is bleed everything real well and make sure it's all adjusted properly. We had some problems on my bud's truck with the adjusters. his just didn't work, so we were constantly adjusting, but new adjusters and all was well. Out back blocks are the way to drop. You can get all you want in a couple of hours. Very little work. I would go drop axle if you keep the straight. Taking out springs may bring your truck down, but they will affect the way it handles and the amount you can carry in it without hitting the bump stops on each and every bump, not much fun. The drums will work fine as long as you keep them adjusted and pay attention when you drive. Don't get me wrong, disc are a better setup, but the factory drums will more than get the job done. You can also buy after market boosters that fit under the cab that will help with stopping.

Other than that, have fun with it. Those are great trucks. And I would agree with Dave, there are no dumb questions. A wise man once told me the only dumb question is the one not asked.