I have never done this conversion but I reckon it would be a piece of piss. The engine cases and mounts were identical between the normal chain-drive models and the ST models - and yes, that massive extension on the front trans cover does hold the front gear of the drive shaft.
I would think that the conversion would be as simple as this - split the cases of the ST, take out the entire transmission and clutch - replace with standard chain-drive transmission and clutch - assemble cases - bingo

. I don't think you could do the job by just swapping out the output shaft in the gearbox to a chain-drive style, I know the clutch hub assembly is different and I think the gear ratios in the shaft drive gearbox are all different to the chain-drive gearbox.
Or - just buy a MkII