Thanks for the input.
I am going to proceed with new bearings, kingpins, install the new mono-leafs and new shocks. Mount up the motor & tranny & pretty much everything else and not worry too much about the axle thing for now.
Prior to noticing the "lean" I decided to go out on a limb and popped on a "No Limit Engineering" rack & pinion P/S kit. Fits up to the straight axle. Curious if anyone has used this kit? A little pricey but I like the idea of the staight axle with P/S. I hope it doesn't end up being a piece of junk.