Sure it can be done, and I'm all for having a go yourself. My suggestion was based on the complexity of such a conversion versus the relative simplicity of a driveshaft removal. If people underestimate the work involved they end up with a car that doesn't move for 2 years and ends up getting sold as an unfinished project for 2 grand.
PhatSTI, have you got a plan on how you intend to undertake the rest of this conversion?