Well this is interesting. We got SBC conversions, BBC conversions, but I have never seen/heard of a Flathead V8 conversion in a LUV. Definetly do it!!!

I assume its a Ford Flathead, never heard of any other flatheads..

but I could be wrong..
Them old flat heads were fairly big engines. I'm pretty sure.. (its been awhile since I have seen a Flathead

it will fit. If guys can stff BBC's in LUV's a Flathead will fit. Basically they're the same as ohv engines, except the valve train which has no pushrods or rocker arms - the valve stem/lifter/cam are in direct contact. Gear on the rear of the cam runs the oil pump. Kinda neat actually.
Depending on the Flathead engine, if it runs rough, lots of miles, tear it down get the block hot tanked and crack checked. Flatheads were known for cracking blocks. If for some reason you need to bore the cylinders out, I understand you can bore 1/8th" out of each cylinder.

Yep, 1/8th of an inch.
If your looking for performance out of the ol' flathead, there is some opitions. Intakes, headers, anything to help make the beast breath better gives you pretty good return on horsepower per dollar.
Your gonna have to fab up some motor mounts and all those good things, but most of that is similar to a SBC swap. Just things like firewalls, and motor mounts, that kind of stuff that will be different. Like 800xl said, check out the V8 swap article, its a good read.