Brake problem, gear question

1. About a month ago, I installed an original set of front brakes from a 95 Cobra. Starting a couple weeks ago, there is a faint clunking sound and respective pulse through the brake pedal during slow deceleration (ex. slowing down to a stoplight) 5-10mph. Everything was installed and bled properly, and it has new $30 pads. I don't think cheap pads could be causing it, but I don't know everything.. hence the questions! Braking performance does not seem to be hindered, nor does it pull. Any thoughts to what might be causing this?

2. Also, the recent fuel price absurdity has lead me to decide to swap my 3.73's back to the original 2.73's. Is it really THAT hard to do the swap yourself? What I mean by that is- is it fairly straightforward to get everything set up right so you don't ruin bearings, crush sleeve, etc...? I am pretty mechanically inclined and can follow directions pretty well. My dad will probably help me out as well, and he rebuilt the 8" on my 68.

Any tips that will help me along?

Thanks in advance yall.
 
1.) I think there is a 'monting plate' or 'pad holder bracket', I know my terminology is horrible, that can come loose and do this clunking noise you describe. I would take the wheels off and just make sure everything is tight.

2.) I could have swore there was a good write-up somewhere on here about doing a gear awap yourself. Try a search for it, as I can not remember if it is in 94/95 or Fox forum.