Im in Australia and have a 65 falconute, like your ranchero, Ive got a crossflow in it. Ive set it up using the original engine mountings which I believe are the same in the USA, the front stabilizer bar and the steering crosslink (track rod) will interfere with the oil pan, the stabilizer is easily dealt with by spacing it down 25mm with a couple of pieces of RHS and some longer bolts.
The track rod isnt so easy, I dont know how you can "flip it over" as the ball joints tapers are now upside down, and I dont see how you can ream them to make them fit. By the time the reamer has made a new taper it wont be a taper any more, there isnt enough metal in the idler and steering pitman arm to do this. However all is not lost, what I did was make up 2 tapered to parrallel bolts which went into the pitman arm and idler and fitted a new spherical plain bearing with a 19mm solid rod connecting the idler to the pitman arm. This drops the track rod enough to clear the oil pan, dont forget that the track rod rises as the streering goes away from center.
Hope this helps
A7M