Guys, Thanks for your suggestions. I know that I will figure out my route on this deal. I just want to ensure that i have a quality setup the first time.

The bolt in kit that I looked at had adjustable spring seats for changing the ride height. With the old steel and the known chassis flex, I can not see the welds holding without cracking. The oem's have gotten avay from welded in subframes and crossmembers for the most part. Most are now all bolt in.

I still can not find a dual master setup for the car, only for powerglide applications.

Matt, 1/4 turn of play is WAY loose. Check out http://chevy.tocmp.com/1949_53shop/09steering/9_01.HTM for steering gearbox info.