I’m not worried about the 2x4 part.
After looking I think jacking the engine up using a 2x4, I would recommend using car ramps instead of safety stands.
The reason why is when you get to “limits”, the car weight will go up from the normal spring action of torsion bars, before car goes up and away from the jack stands.
There is another option available to you – but I think in the long run, it will be more work.
Unbolting the K-frame from car, leaving the engine and transmission in an “as is” position, then raising the car body up and out of the way.
It would make working on the oil pump SO MUCH EASIER, but more work in the long run.
To drop the K-frame, one would need to remove both upper control arm bolts, and the brackets the control arms bolt too, disconnect the steering, wiring, and most anything fluid (brake hoses, trans lines, radiator and heater hoses, fuel hoses, etc.).
Vehicle would have to be aligned afterwards.
If using the 2x4 method, I would recommend cutting away a triangle of top part of 2x4 so it is roughly ¾-1” wide at top (1x4, so to speak). Also place the smaller edge of top part right along the edge of oil pan, with at least one pan bolt is able to dig into the wood. That bolt head will help keep things in place.
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