Hi Mike,
I did a similar just for S&G... I took the crankcase, cut off the bulk of the dangly bits, left the "near alternator side" feet on and installed the engine seal into a nylon ring which I then bolted to the "inside" of the old crankcase - this retains the original bearing in place, allows for a greasing point too... The crank I cut down to around 35mm to put a taper lock pulley on... Its still lying on my bench, havent had a chance to finish it up yet, but the twirly bits are all mounted and working well... If you want a few pics of the thing, just drop me a line.....
Cheers
Ed