The "easier" way would be to drop in a 2nd gen. post '94 engine in to the 1st gen chassis. Base line costs are at about the level of the Mike Hurd experience.
Your options are numerous for your power upgrades with the killer B engine.
So... this gets the P7100 pump into your truck.
More accurately, your 1st gen truck will handle the power available from this retrofit.
The driveline changes along the years after '93 were for the most part for convience of operation, and to reduce the manufacture and assembly costs. The locking hubs and iron case, gear driven transfer case lost after the '93's can't be replaced by adding a hybrid Dana 80 rear, and calling the truck stronger.
The Getrag 5spd is reliable with upped power levels, and the clutch will withstand good sense application of the power.
Back to the choices:
The overall task is doable, can you drop the pump into the truck? yes.
Can you retrofit a 2nd gen. motor with the "P" into a 1st gen. yes.
All it takes is time and money.
Is the 1st gen truck in good enough condition to justify the work? You'll decide.
Having owned a '92 that made power, and was a DAILY DRIVER, and now a '98 that does the SAME, here was a few comments and some thoughts.
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'98 Cummins 12v, 2500, 4WD, 5SPD, 3. 55, Cummins 300 injectors, JRE III kit, 4" turbo to tip exhaust, boost/pyro, 2 1/2" HD coils and rear spring kit, HD upper/lower control arms, Big Medicine. Got Diesel.