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You will need to use your tailshaft housing, and I'm 90% sure, change the output shaft. Changing the output shaft requires the complete disassemble if the trans. Otherwise, besides not having the "Corvette" features, it will fit and work.
Check to be sure because some of the non-corvette tailshafts will work. The only real concern is how far it sticks out, once you put the corvette tail shaft on.
The output shaft for the 4 wheel drive will not work. I agree that it and the tail housing can be changed. Like CFI-EFI said, complete disassembly will be required to do it.