The P/S pump on the newer engine will work fine, that's not the issue. The big problem will be that '67s were different from the later GM trucks because they had power -assisted steering, not the direct power steering that came in in '69. I tried putting a '69 P/S gear on my '67 K/10 Suburban and had a lot of problems, especially with the steering geometry. It wouldn't turn as tight.
PM me for details. I can access some of my older posts on this subject, but don't know of a way to link them to you in this system.
People have done it, but it's not a simple bolt-on.
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Every 25 years I like to rebuild that 292, whether it needs it or not.
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