Only if you are willing to be driving the car with crappy brakes on the original 7.5.That is absolutely nuts to do all that just to avoid doing the brakes!!!!!!!!!!!!!!!!!!!!!!!!!!!
I hope this advice is not too late to be useful. Unlike the front springs, the rear ones are basically impossible to launch once you disconnect the shock absorbers. The axle drops low enough on the control arms that you are more likely to have one drop out and have to chase it down the driveway before it rolls into traffic. The 8.5 and the 7.5 axles are identical from the pumpkin outwards. The difference is the axle spline count. Brakes are identical. Good advice about using a small hose clamp to compress the three fingers on the P-brake cables to get them out of the backing plates. I assume you painted the axle flanges and backing plates while you had the 8.5 out of the car. Sandblasted steel will rust quickly if untreated. The other tricky part about swapping the axle is the 10mm adjusting nut on the parking brake. Don't lose it - it has a fine thread with a plastic insert and it's hard to find a replacement (ask me how I know 🙄). Do yourself a favor and take a picture of the cable routing so you can replicate it on the new axle. I have also used a pair of vice grips on the brake hose to minimize the amount of lost fluid - if you don't leave it on too long you will probably not damage it - this speeds up bleeding the brakes later. May not want to do that with braided lines...Isn't the backing plate different on the 7.5 and the 8.5?
Any tips for putting the upper control arm bushing in the rearend housing. I have some big hammers a freezer and a torch if you see where I'm leaning
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