You can get the motor mount adapters quite a few places - one is C&G Ford Parts - the part number is:
41A-6023
As noted, you can run the stock 34 manifold and Stromberg 48 carb, with the stock generator, stock fan, etc.. All this will fit just fine and keep the engine looking 'close' to a 34. The water outlets will now be in the center of the heads, so you'll need to make some special upper radiator hoses - been done thousands of times . . . most of us use some sort of 'pipe' (stainless for example) in the middle.
Ignition: The 34 distributor (or 38) and wire looms should work just fine - so the ignition is not a big deal in the least.
Trans: There should be no problem except for the rear transmission mount. The 34 is a bit different than the 38. The 38 mount is probably a bit wider than the 34 (won't align with the bolt holes in the center frame section). When I originally put a 39 Trans in my 34, I cut/welded the solid 39 trans mount to match the dimensions of the 34 . . . was not a big deal.
If I am correct (help needed gang??), I believe you can buy a stock 34 transamission mount and replace the mount on the 38 trans and everything should just slip right in. You'll need to validate this.
All in all, it is a very straightforward swap, works well and is easy to setup.
Post some pictures and let us see your progress!
B&S