Never heard of grinding frame for a 300 kit. ONly on 240 kits do you need to grind the inside of the frame.
Your exhaust will hit the new 300 arm. The arm is wider than stock ....look how close your pipe is to the arm. An exhaust shop can mod it to swoop out around the 300 arm to work for you. Seen it done before.
Choose wisley on a jackshaft arm. Make sure it has good support on both sides of the jackshaft...should look like the same as rear axle blocks. The 09 new redesigned C&S, murtlewest are prob the best ones.
Dont for get you will need to stiffen up your rear suspension too.