Forgot to add, with that addition, drill out original hole and bolt the addition to it also. This strengthens the 'reach' of the new arm, ties it into the knuckle, and the mount of the knuckle.
If anything, you could do a heim joint between the two for the steering.

Mikerpm- Do you have pictures of what you did.  This topic is one I am dealing with currently, and I see there are several guys smarter than me that have already been there.

Whitfield- What did you end up doing, and did it work?