I've done it and agree with the advice to go to SA.
I modified my ancient, small and scruffy half ton cruiser/racer in the same way. The job was easier since the boat had originally had swept spreaders on the gunwale in the original '68 configuration (why a short masthead rig had swept spreaders is a mystery). Years later I modified it to a fractional rig with double in-line spreaders mounted to inboard chainplates, runners etc. When I went short overlap last season, I just returned to the old chainplates.
The biggest problem going to the short overlap/swept spreader setup has been the fact that it causes me to rave about how great it is, every time I go sailing. The improvement in ease and joy of sailing is enormous. Mind you, that is sailings in a reasonably breezy location and often in a very narrow waterway where short tacking is required, and the unusual design of my boat made the old 150% overlap #1s unusually hard to tack.
One point is that if you lift the forestay without changing anything else, you may run short of stability in a breeze (IMHO). I kept my forestay at the same height because I chucked out the old diesel around the same time and the switch to an outboard seems to have reduced drag enough to compensate for the reduced genoa area in light winds.
Acceleration is wanting under the smaller headsail, although more than compensated for by the ease and speed of tacking. The biggest surprise has been the improvement in upwind speed and height in a breeze, because we now carry the #1 (a flat cut second hand #3 from a Mumm 30 style boat) right up the range by barber-hauling outboard aggressively, resulting in a flat sail with a very clean, open slot.
Jamie McWilliam from Hong Kong has written a good piece on re-doing a QT into a short overlap rig, using an Etchells rig IIRC. Google his name and "Sai Kung Belle" for details.
I moved the chainplates in my 2100kg boat when I installed the in-line spreaders and found it no big issue, but she is a tough old girl. IMHO just accepting lower rig tensions reduces loads dramatically and the Etchells/J/24 section is showing little if any sign of strain compared to what it formerly received. Many of the small ODs (Tasars, Flying 15s) purposely race with low rig tensions in high winds, so IMHO the need for tight forestays and accompanying high loads can easily be overstated, although we're just club racing. I do have concerns about the loads being transferred to the mast around the spreader root as there seems to be deflection there.
We have only done a few twilights and some cruising, but overall the boat has been enormously improved.