IMO, there is a risk of cracking the gearbox lugs if you use only the top two holes.
The bellhousing is cast iron, and can be welded or brazed if you are good at this sort of thing. However, I would personally recommend a mechanical connection for a job like this. You can machine the bottom edge of the bellhousing if necessary and bolt a piece of steel angle to it. Then drill the other arm of the angle for the lower two mounting bolts.
If you are intending to race the car, you might not care for the shifting characteristics of the SM420. Fortunately, the same bolt pattern was also used on Chevrolet passenger cars from 1955 up, and on most other GM 3, 4, and 5 speed car gearboxes from the 1960s through the 1980s.
Ray
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