ABSOLUTELY NOT.
1.) You won't have a rear diff, so you will drag the outside tire on every turn. Dangerous and will attract unwanted attention.
2.) You will have to run c-clip elimiators or Ford 9" housing ends- so you will have to mod your rear axle.
3.) Running a spool in an already weak 7.5" 10 bolt is really pushing your luck
4.) Pushing a car with a spool is a *****
5.) Most importantly- I've seen plenty of guys build up "track cars" with all the goodies only to have them never see the track often enough to make the specialty parts worthwhile. Then they end up putting in a posi.
As far as a rear goes, if I were you I'd keep my ear to the ground for a used 3rd gen 12 bolt. Run 3.73s and an Eaton posi and never look back. If you don't have money for that yet (many of us don't/wouldn't) I'd run the 10 bolt until you do.
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