Thank you all for the help, I really appreciate it.
@Craig Nedrow thank you so much for the links that really helps. I went and read the thread you linked to and that also makes things clearer.
@84c10Tony that is really what this thread is all about, do I keep the truck as is, do the work to make her run and use it for light duty running around, or do I try to make it into the vehicle that I need. I would be tempted to use the burb as my primary towing truck, but it is on its last leg. It has stranded my dad more than once, A/C quit working, he has had that "fixed" multiple times and it still won't work, passenger window doesn't roll down, I could keep going, but you get the idea, We are pretty much ready to let this one go. That being said, I am currently looking for a slightly newer model diesel truck to be my main towing/work truck, so I very well could keep the truck as what it was designed for.
@Ricko1966 Yes I believe that is the transmission, but I know it is in rough shape, dad almost had them replace it at the same time as the engine, so it would need rebuilt, and I don't think I have either the time or the skills to do that myself.