Dan, you could, but you'd need some extra fixings under the smoke box unit and the cab front face. You'd also need some sort of support for the rear end of the boiler belly plate. It is possible and I did consider it, but then decided to just build it back up as originally intended. It shouldn't be a problem if painted in black all over, might be if you opted for a green version.
Larry, the original cost was significantly below the cost of a new kit, plus it already had an ABC motor gearbox combo. Even when you add the cost of the new etches and extra man hours, it still works out significantly cheaper in the long run. The chassis is okay except for a few bent guard irons (one missing and added to the replacement etch sheet), some scuffed paint and seriously worn connecting rods (also on replacement etch sheet); the compensation beams are also seized. Therefore I expect very little work on the chassis to get it running.
Mike, swapping the tanks would only move the issue from one side to the other, besides there are cast support lumps on the base to line up with the footplate support brackets, if swapped left to right these would be out of position.
I suspect once the cab is firmly secured then the left hand tank will fit just fine, the right hand one has been hacked by the original builder; it wont take much to add a sliver of brass or even Plasticard to close the gap up.
Peter, good analogy, but unlike Barry, all my parts are here.....most of them