That's what we did with my car.
We bought a $65 used rearend out of a mud truck someone was parting out. Had welded spiders but didn't care. We cut the ends off an 8 3/4, chucked them in farmboy's lathe to turn them down, swapped a friend my 4.10's for his 3.54's and bought axles and spool from Dr. Diff.
I took it to a local race shop that charged me $400 to check bearings, install the 3.54 ring and pinion and weld on the ends. We reused the 11" drum brake setup that I had on the 8 3/4.
It has held up great and seen many passes and lots of street miles. Less than $1k total in it.
'63 Dodge 330 11.19 @ 121 mph Pump gas, n/a, through the mufflers on street tires with 3.54's. 3,600 lbs. 10.01 @ 133mph with a 250 shot of nitrous an a splash of race gas. 1.36 60 ft. 3,700 lbs.
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