Should be good fun
You can use your rear wheel set up and driveshaft as well as your gearbox but youd be better to get yourself a DRT runner xmas tree (Small gear cogs) as this will give you a shorter forth gear. Dont worry your not going to go slower in forth as you will need to upgrade your primaries too 27/69 is the natural choice for that set up. You'll need a stronger DRT Gear selector and an uprated spring too. Full set of bearings, oils seals and gaskets. You crank may come with bearings, Im not sure you'll have to check but I know falc cranks come with bearings (Most dont) You'll need a decent clutch too Hartz4 comes with its own primary basket but does require a spacer, you may want to go with a falc clutch and basket if you dont fancy a spacer. If you want to go 3.50x10 tyre instead of 3.00x10 then you may not be able to use a hartz4 again though saying that you will have to check or I can let you know as Im getting some quattrini casing in stock soon so I'll have a play with one when it gets here

You'll need some new cylinder studs to as the 50cc studs are shorter. You'll also need a decent ignition, carb and pipe. plus theres woodruff keys, nuts and washers too. Oh you should be able to use your kickstart quadrant if its not worn, that goes for yor loose gears too, if there worn replace them

If you get stuck when you put it all together pop over to the smallframe forum as you'll get lots of help there with your motor.
As regards as to what to do with the casings. The easiest thing to do is by a kit with direct induction but everybody buys these Id open up the case reed and buy a crankcase inducted cyclinder just to be different. Have you thought about going with a falc cylinder? they're the usual weapon of choice. I know that with falc stuff that I sell theres usually about £180 to £200 difference between direct and case induction cylinders. Mind you saying that the money that you would save buying a case induction cylinder you would spend opening up the case reed and buying a vforce reed. I guess it just a matter of preference really.
Stay tuned..............