As for reusing your original driveshaft, I don't think that will be possible with the 4L80E. The 80E is a longer transmission, and all else being equal, will require a shorter driveshaft. The front driveshaft you will have to grab from the donor because of how it mounts to the transfer case. I think there is a difference between the 2 so you may have to check on that.
Also, the hole is deleted on the bell housing because the water jacket is directly behind it. GM felt it wasn't necessary to drill it. With all their engineering expertise, I'll trust them on the issue.
'93 Chevy 1500 4X4 ECLB with a '99 Silverado LQ4 6.0 and '99 Escalade 4L60E. SOLD IT!!
New toy: 2001 2500 HD 4X4 Extended Cab Long Bed
John