Hey ares360
That's a little steep, but not unreasonable...
There is more that you need to do the conversion...
With your truck being a '71 you need to know when it was made...
About mid '71, Ford changed a few things... to find out when yers wuz made u'll haveta decipher the vin#
Make sure to read the article in the tech section and get all the parts together before you get started.
A couple things that I ran into doing the conversion on my '68.
You may need to change the idler arm on the PS box depending one when the box was made...
unless you get lucky and the new PS box already has the correct ider arm.
You need an idler arm that matches yer trucks steering componets.
The retaining nut on the steering box is 1 5/16" which is 1/16' larger than comes in a standard 1/2" socket set.
I took my power steering box down to a machine shop they took the nut off for me at no charge.
The new inder arm goes on easy.
you will need to change the driver's side motor perch for a PS one. You can also notch a manual steering one so the PS will fit.
U'll need to change the outer steering column flange.
You will also need to swap the brake line support.. The PS one is different than manual steering one.
U'll also need a pump with the correct brackets for your motor.
It sounds like a pain, but really isn't that difficult, and is certainly well worth the hastle of doing the swap.
KaptnKA

S