Dump it in a RB auction and get rid of it. I watched an F700 fire truck sell yesterday. I think it had the 370-4V. Also mostly alumimum fire body and tank.... but the damn old thing sold for 3500 bucks. The biggest thing in that truck's favor was that it had a front mounted fire pump which is fairly easily removed as opposed to driveshaft work on a midship pump.
If you do keep it, I'd just leave it alone. The drivetrain is geared and designed for the torque of the gas engine and intended to turn at about 4 grand. The diesel will top out around 3 grand... so it's geared higher and the transmission is designed to take a lot more torque. I suppose if the truck has Ruxel, and it's a speed demon when you open it out in high gear, you could get by with it OK by sticking a diesel in there... but I just can't see it being worth your time or money. With a V8 diesel of that vintage I see either a fuel pincher or 3208 Cat and neither one would be high on my list of things to have. A Brazilian Ford 6.6 would be a different story as would an IH DT308/358/466 or Cummins B.... At the end of the day it's still just a 25 year old truck. 800 bucks will buy a lot of gas.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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