I'm not getting it. If you have Chevy knuckles how are you mounting Ford brakes, or is it an older style Ford setup where the caliper bracket bolts on the spindle stude like a ring (as opposed to the Later Ford D44 disk brakes which have the caliper bracket cast as part of the knuckle.)??
Anyhooo - I would suggest - since you have Chevy knuckles, and I'm assuming want to retain a 5x5.5 pattern. Use the Chevy knuckle, caliper bracket, caliper, spindle, and stub shaft with F150 hubs and rotors, and you get:
1) Better Chevy brakes (caliper and mounting design better than Ford, IMHO)
2) 5x5.5 pattern, but with strong internal style lockouts
3) Cheap and easy replacement parts - no customizing - it all bolts together.
4) No cutting, grinding, clearance problems, or missing studs (yikes)
my $.02