Welcome to the forum.
anything is possible, but the question is it financially feasible and wise. All of the bending moments from the sails will be transmitted through the mast and into the hull through the mast partner and the mast step. This means a completely new custom mast, and completely rebuilding and reinforcing the hull around the area of the mast to adequately transmit all of the heeling moment forces to the hull.
the conventional mast and rigging act like a truss so the shrouds pull against the side of the hull with the mast in compression, giving it the distance from the center-line to the gunwale as your fulcrum length. with a cantilever mast you only have the width of the mast as your fulcrum, multiplying the forces by about 10 times or more (depending on the dia of the new mast). This will also add a lot of weight.
What I am saying is it is a structural redesign of the whole deck/hull around the area where your mast will be. This may also affect the amount of useful space inside the hull as well. Yes it can be done, but it would be at great cost.
I do not know if these boats have any resale value once restored, if it was a classic design and well respected you may well wipe out any resale value after your are done. Particularly if the redesign affect the utility of the boat.
If you just want to clean up your rigging and simplify everything, you might compromise and have your navel architect suggest ways to just reduce the amount of rigging you currently have. A more modern conventional rig that you can buy used and adapt to this hull that saves weight and improves the performance. This would greatly improve the value of the hull.
Make sure you find an experienced NA that is familiar with these type of boats and their history/resale value, etc.
Good luck. Post pictures of your progress!