Go to tech, read all the writeups there. Heres the quick n dirty:
SM420-GM 4 spd 1/2 to 2 1/2 ton trucks/vans. '47 to '67. Later years are better because they don't spray oil on the clutch at steep descents. The big plus is the 7.05 : 1 first gear, first gear is not syncronized, and will in all but extenuating circumstances not used on road, think of it as a toy 3 spd with a syncroed first gear and a granny gear only for crawling. So its road manners are marginally better than the 3 spd because of the syncroed first.
Requires toy 3spd bellhousing to bolt to either F or 2F
(SO far only part of conversion I'm not clear on is the clutch setup)
Adapter used to bolt to transfer. Simplest, most inexpensive and hence best is probably SG's plate adapter.  

oesn't necessarily need driveshaft length change-I'm not sure on this and it doesn't matter for me cause I need new/retubed shafts anyway cause the front is dented bad.
Thats the basic info. I was orignally planning on a toy 4 spd conversion, but then heard about this one, realized its not much more difficult, almost cheaper, and gets a first gear thats twice as low. I could throw 3.70's in the diffs and have a solid 75 mph highway speed and still have a better granny than I have now, with the ability to run as large of tires as I could want too with a 4" lift. Its a beautiful transmission perfectly suited to my needs.
Now you need to decide if its the one for you.