Well, you pretty much answered your own question. The a/c goes away. The alt. would need to be moved, too. All that heat right under it if you use 86-7 exhaust manifolds is not good on alternators. If you went that far, you may just as well convert completely over to the 86/7 setup. The hotair intake just isn't as good(if left stock) as the 86/7 setup.
Maybe you could get away with going the way you describe if you also get the serpentine belt setup from the 86/7's...That would relocate the a/c and alt to the driver's side and that would solve that problem, but then, you would have to relocate the coil pack/ignition module somewhere else and by that time, you are just basically an intake manifold change away from having the 86/7 setup anyway...
Maybe you could get away with going the way you describe if you also get the serpentine belt setup from the 86/7's...That would relocate the a/c and alt to the driver's side and that would solve that problem, but then, you would have to relocate the coil pack/ignition module somewhere else and by that time, you are just basically an intake manifold change away from having the 86/7 setup anyway...