Thanks for the replies everyone.
To clarify a few points: Dan, as I said in my post, I want to get the rear axle changed but don't have a fortune to spend. As I said, if I can use my perfectly good and new-ish drum set up, then why not. That's why I posted the question, which stands as no one has given me an answer as to wether it's possible without wholesale butchery of the disc axle to fit drums. Is the design of the axles significantly different, is the question.
John, I'd be very interested to hear what you're mechanic actually did to achieve your set up.
Waqas, you're right. I don't have a regulator, and my question is borne out of the desire to understand whether I need one, or whether I can just use my existing set up on the different axle. As I said, all of the brake components on the replacement axle needs to be replaced. Not even the discs are any good. That all adds up.
I'll have a look at Jeff's post; thanks for that. If I end up going down the regulator route I'll try to find one from a sedan of the era as well as look at new non-MB options. That's good advice.
Finally, I didn't think that one could change the crown wheels easily. I'd really like to avoid a complete strip of the diff and all the hassle that goes with setting it up properly thereafter. It's well outside of my comfort zone.
Thanks again for your posts, but if anyone can answer the basic question about the design differences in the axles, I'd be grateful.
James