I just got an M47 today from a 240.
I was aware that the shifter length was different, so i actually managed to get a shifter cage for a 740 for the m47 which is slightly extended, so it will fit fine and dandy.
Got the correct flywheel.
740 clutch master,
Mounts and crossmembers.
Clutch line.
Now all i am looking is for a driveshaft that will fit.
If anyone has it, i'd be more than happy to get it and pay for transport.