Maybe. Ram has good axles, wheels / tires, and everything except the body is there. I hope to at least make the cost of the Ram back, if not a little more to offset the cost of the conversion hardware. Doubt the 4 cylinder and ax-5 will bring much. I did notice that the block is very dry; not oily or grimy like many motors of this age, so that's a good sign.
I was also looking at the Pennzoil oil filter that it is currently equipped with. It reads "Made in the USA" on the label. That's a good thing. That got me looking at the ones I have on my shelf; a Mopar MO-090 (used by the Jeep 4.0 and Dodge 360) and a Ac Delco PF47 (used by every common Chevy engine). Both of those were also made in the USA as well. Also good.
Another note about oil filters, I picked up the Mopar filter because I know they are good and that's what the book calls for. My 2005 with the 4.0 uses one too; however, I stopped using them long ago because the Motorcraft FL-1A fits the engine, and it's about a third larger. (I also had Fords for a long time, and the Ford V8s used this filter.) I believe that the extra filter media can't hurt anything. If I can clear it, I might switch the 360 to the FL-1A filter.
I started spinning the t-case skid bolts and all on one side loosened freely. I got interrupted and didn't try the other side yet, but that's a good sign.