Yep, it sure will fit and it can be made to clear the heater box, steering box, etc. Pretty much everything has to be fabbed but I've done it and took a lot of pictures. You can notch the cross member to get a 727 to fit w/o butchering the transmission hump, too. I used a early-B 8 3/4 by moving the spring perches and it was perfect - even gave me a bit more room from the tire to the wheelwell lip.
Like I say, I've got a lot of pictures of my fabbed motor mounts, etc if you get into this.
Biggest bogie for me was managing the heat under the hood but eventually I got there.
Good luck, and enjoy the questions you will get: :"That ain't no Chivvy, what year Ford is that?"