292 and 312 are physically the exact same, no issue with swap other than you might need to swap oil pans but that is a truck/car issue not a 292/312 issue. I bought an adapter to go from Chevy engine to ford transmission on my panel from Speedway and it would be the exact same for you and the 59 transmission. Need Chevy flywheel, chevy pressure plate, ford clutch plate, ford throwout bearing. comes with a pilot adapter in the speedway kit.