Well my sender arrived from rockauto yesterday, so last night I went at replacing it. I cut the fuel lines on the old sender with a big set of diagonal cutters - I didn't want to chance causing a spark using the air chisel. I spent about half an hour trying to get the remnants of the first pipe out of the connector before deciding to drill it out. I started using progressively larger and larger drill bits, until - wouldn't you know it - it popped right out, onto the drill bit. The fitting was undamaged, save for the little clips inside. I used the same drill technique on the second one and had it out in about a minute. I pulled the clips out and will replace them today after I go buy some new ones ($5 at NAPA). I spent a fair amount of time cleaning the rust and crap out of the fuel line fittings.
I cut the wires on the old sender, then tried moving the retaining ring on the old sender, but even after copious amounts of PB Blaster, it didn't budge, so I took the air chisel to it, cutting it in half on one side, After that it just popped right off, and the old sender came out.
As I suspected, the float on my old sender was completely full of fuel.
I removed the filter from the fuel pump (THAT was a ***** to do), transferred the fuel pump to the new sender, installed the new filter, then installed it. I had to very gently bend the old retaining clips that hold the retaining ring in place to make sure they held the ring tightly. I tightened it up, connected the sender/pump wiring plug, and turned the ignition on - and for the first time ever, my fuel gauge shows something other than empty!
So all I need to do is install the retaining clips in the fuel line fittings, clip them onto the sender, then button everything up. I think I am going to get a piece of steel or aluminum or something and rivet it in place over the hole I cut in the floor of the truck to access the sender. I'll caulk around the edges or something to seal it properly.
Very happy that this worked, and I'm sure a lot less work than it would have been dropping the tank!