Absolutely!
I've used a 351M truck bellhousing, 390 flywheel, and a 5.0 pilot bushing.. Be advised the small block T.L. input is about 5/8" longer than a big block, the 5.0 pilot bushing rides further up inside the crankshaft to compensate...
If you use the truck bell, there is no boss to mount the Z-bar pivot, you'll have to fashon something..... Or do the smart thing, buy a blowproof!