I went ahead and did the swap to the Holley 302-2 oil pan. I am very pleased in how it turned out.
Here is the engine with the oil pan removed and full windage tray still installed.
Removed the windage tray.
I had to either modify the existing windage tray or purchase the GM one. I decided to buy the GM tray already modified.
Once the new pan was installed I had plenty of room between the rack and pinion and the oil pan.
You can see there is plenty of clearance between the 302-2 oil pan and the cross member as well as the rack and pinion.
