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I think it depending on what you can do yourself,or pay someone to do the work.
The frame will have to be re worked rearend change.For starters find a adpator to 302 to 40 trans,truck oil pan,rad,clutch leakage,rear spring kits,brakes,and most of all ,"do you think you can finish it."
I hated my 39 was low geared 4.44 gears,trans problems.
I wanted a car to drive anywhere old hot rodder i guess.
I still have a flathead 8ba mercury engine,c4 auto trans,8" rear end.
Didn,t like the front end so went with Heights IFS.
I worked on it myself and when i wanted to.This summer after 4 years i drove it.
I do like the out come but if the flathead goes,I,m some what ready for a 302.
The are so many unfinished cars and trucks out there.