I've often thought about using a sears Hi/low trans. if they get a little worn, you can shift them moving ( Ive never done it with my Suburban, it's practically B/N ).. So with some 600W oil like Model A's used, it should slow a good one down enough to shift without grinding. The Model A used straight cut gears also and the 600W oil was used to slow them down to shift... Brakes could be added with some proper rims and tires. just a little welding on the axle tube... Oh yes with the right 'gearing' it could be FAST since with shifting, it could be over geared and still have power due to shifting.. The only setback is, if it was geared high enough to need the low range then the next shift after 3 low would be 2 hi, and that would mean a no hands shift.. oh how I have thought about it too much