It IS a great idea - but only if you have the equipment imho.
I have a lift but decided on a different method because of the need for a jack stable enough to lower an unbalanced load from a height of over 2 metres. I have a Wudel trans jack that will reach that height and I used that for both the gearbox and separately for the engine. The combined weight of all the components may be the least of the problems. I considered renting a truck trans jack.That may be the way I do it next time.
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