Thanks for exercising your grey cells on this but no, it wouldn't pass but I figure what they don't know.... The problem is not just the location of the holes but the flange in which the holes are drilled. It would be at entirely the wrong angle to fit inside the chassis channel. To overcome that, we start talking about cutting the body of the steering box, rotating the ned and welding it back on - an even bigger no-no in the eyes of officialdom.
Another problem is the angle of the steering column. With the worm under the sector, the column would be much steeper than the other way around. We then run into trouble with the top column mount and interference with the pedals.
If it were easy, I figure Ford would have done it that way to save costs.