He didn't say he'd need to cut the floor for a 727. He said he didn't want to cut for an A500/518.
Since he's not running any emission controls, he'll need to get the pcm reflashed anyway. That code will not be valid in that case.
He already has all the sensors, as he's swapping in a complete '96 5.9.
The factory PCMs (JTEC- OBDII) can be easily reflashed by any place that has HPTuners software, and other common software suites. The parameters of the factory PCM limit their use in max HP builds, but are easily adaptable for street or street/strip use.