The steering wheel might be a little tricky depending on the bolt pattern or size, Ive only used the Grant Quick Release hub in the past on race cars... I will say if you get in a accident and are at fault your insurance could refuse to pay for your injuries incurred by not having a airbag installed. Also it is against the law without the proper paperwork to remove the airbag.
You need to disconnect the battery for atleast 30mins I prefer longer, disconnect the blue airbag module under the dash, there is 4 bolts on the rear of the steering wheel that holds the airbag in. Place the airbag face up in an area where if it would activate it will not kill or damage anything. you be able to find a similar style wheel from Grant to fit the Ford, that old wheel is a little large.
The shifter handle is easy, it is just bolted on with two bolts (no matter if you have a stock or aftermarket shifter), you may have to redrill the handle or make an adapter, both would be easy.