Scrap prices are way down. The axle air brake system and wheels can be sold on craigslist or Steel soldiers.
There are a couple axle swap blogs on MUD. The new axle and wheels should not cost a lot if you are thrifty and shop around.
Post some pictures of your combo.
Here is a tear down and build of my M101a2
http://www.expeditionportal.com/forum/threads/63713-Just-purchased-a-Military-trailer-to-build-a-family-hauler
I like the ability to extend the tongue some.
I welded the adjustable channel to the nose assembly on my M101A2
As for removing the surge assembly I did because mine was damaged and did not work.
I also pulled the backing plates, drums and shoe assembly from mine.
It dropped around 80 pounds of...
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