Do the 465 swap, you will love it. While the adapter may cost more, you will be using a trans that you can re-bearing and gasket for about 125.00, and if you need anything else for it, you will not have to purchase three 420's in order to possibly get the parts you need. I have a 420 in my Red truck, and love it, but if I did not have four complete, and two others in parts, I would have a 465 in there...
I would spend the monies on a 2F over an F any day, even having to give a few hundered for a buildable core...But I would look for a good running 2F, and re-ring and gasket it, have the head gone thru, new rod bearings, and you are good to go...
Or just get a RamJet!
Good luck!
-Steve