Would work. I believe thats what they use on the rear axles of the ION/Pursuit/Cobalt. Saw a show where they machined out the sway bar and replaced it by welding in a 3/4 piece of round stock. Weld both end it place with no preload, and you should be fine. I say go for it!
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'72 super
'65 bus
'52 split
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