I've rebuilt and /or modified and adapted many GI harnesses over the years. If you have a good head for electrical wiring it's a piece of cake. If you don't its a long, painful experience during which you will make many mistakes and often smoke a lot of jeep. It's a tough choice but if you want something that looks real and is 24 volt and waterproof, you will need to buy that $700 harness or you will need to take several important steps:
1-Stop and read all the book's info. TM 9-8012, TM 9-1825B (1952), TM 9-1825E (1952), TM 9-8627 (1953), TB 9-2300-228-20 are the starters.
2-Learn how to read & use the GI wire numbering system and learn what a pinout is and how to use it.
3-Print many of the wiring diagrams both full system and individual systems and use them as your work sheets making indications on them of what you did, how you did it and where you did it.
4-Invest in a good quality VOM and basic electrical hand tools.
5-Acquire an adapter test lead set.
6-Decide first which M38 harness you are going to build (there were about 6 electrical wiring changes during production), and what upgrades if any like turn signals, or a 60 Amp GI alternator, or a 24 V 60 Amp civvy alternator and so on.
I am mostly concerned about swapping in a 24 volt distributor. Anything not work out that the manual says?
I am not 100% sure of your meaning here but a 24V distributor will replace the old civvy distributor and coil and you will run a single wire #12 from the ignition switch to the distributor.
Anyone do this with the early triangular faced light switch and have suggestions or input.
There were three types of light switches used on the M38. Two are the triangular type with the early one having a large and small receptacle pointing downwards and later having a large receptacle and a blank face where the small receptacle was pointing downwards. Then the last switch type was the simple oval shaped switch with one large receptacle pointing straight out the back. All three use the same large receptacle. That 1st earliest switch had the second smaller receptacle just to car a separate harness to the rear for the trailer plugin.

Here's the three stock choices for the M38.

The new style push button plug is in use today and fits the same hole in the dash and uses the same plug.

This is a pinout for the large plug on the light switch and includes a functional view of the switch innards.
The applicable portions of TM 9-1825E 1952 for the two early light switches are here:
http://www.willysmjeeps.com/v2/modules. ... _album.php
You should browse thru the several hundred technical photos in my album as a primer:
http://www.willysmjeeps.com/v2/modules. ... _album.php
TB 9-2300-228-20 is here:
http://www.cj3a.info/sibling/milgauge/milgage.htm
Don't forget all the free PDF copies of manuals on our downloads page:
http://www.willysmjeeps.com/v2/modules. ... =Downloads