The concept is not bad, but I don't like the extra stress on the passenger side knuckle. That is a lot of leaverage form the drag link, when yo use the spacers like he has.
Depending upon your lift 4-7.5", you should consider the Currie. I feel, for a bolt on solution, would be alot better.
With any OTK solution, you have to relocate the TB mount. This sounds easy, but it does require some fab skills. Which you said you were not strong in.
I'm doing a custom OTK of the OEM style, Goatman has some pictures of it. Search for steering and my name of Goatman's and you find the pictures.