Maybe you should practice on your Tie rod ends some more first...
I just made my own rear driveshaft last week out of a beatup stock 3psd shaft and a length of 2.5" schedule 40 pipe. Got a stick of pipe from $30 from the local scrap yard.
1) Cut welds like for a cut n turn. Remove tube.
2) Fit pipe. Spot weld. Spin on homemade jig. True by sight, then with a dial indicator.
3) stitch weld to prevent warping.
4) done.
My pipe was somewhat pitted so I couldn't effectively use a dial indicator. Trued it by sight, welded it up and have been running it. 70mph with no noticeable driveshaft vibes. I set up a jig on my workbench with a third member and a large hunk of steel with a notch cut in it. Schedule 40 is over .2" thick. It worked so well I may pull my .25" square tube shaft and make another shaft this way, using the square tube as a spare for front and rear.
(hard to feel much over the 37" Irocks on beadlocks).
It is noticeably smoother than my old trail-beaten twisted driveshaft was on its last trip home from the trail.
Reference this Pirate thread:
2 1/2" Sch. 40 Pipe Drivelines Made Easy - Pirate4x4.Com Bulletin Board