I finally finished the Powerglide for the Daytona. I was going to use the car's TCI midplate to adapt to the GM bellhousing, but changed to a JW ultrabell instead, minor delay. I will still use the midplate, but just for chassis mounting, not an adapter.
I used a saws-all to initially cut off the transmission bellhousing. Then cleaned it up and made the final clearance on my Bridgeport milling machine. A die grinder can be used instead, it isn't critical.