You won't be interested but you would be better off selling that truck and buy an 01+ sohc 4.0l longbed. You'll get 210hp with lots of aftermarket mustang parts to upgrade it, all 4.0 rangers have 8.8" axles, the longbed gives you a longer wheelbase without the excessive weight of an extended cab, and you get rack and pinion steering which is a major advantage. Then swap the rack and pinion into it from an extended cab which has a quicker steer ratio and is 2.5 turns lock-to-lock where as the single cabs have 3.5 turns.
But you are already an experienced drifter, and you already have been driving the truck. If that's the case then you already know what it needs. So what specifically are you asking then?
Weld the 7.5 and drive it. If you don't want to motor swap and need more power, then NA-T it with thunderbird parts. That pretty much the bottom line.