well, since i don't shoot 8x10 all that regularly, and when i need to enlarge it, i rent a darkroom with an 8x10 enlarger, i might not be the most qualified person to talk about this subject. i'll share what i think anyhow
. 8x10 enlargers, horizontal or vertical, are big mothers. but you already know that
. if you're in for a couple days to a couple month session of carpentry and sweat during these summer months, by all means build your own, or convert as you stated already.
first, do you want a horizontal or vertical enlarger? the one i rent is a devere 5108 with a color head(i haven't enlarged 8x10 b/w yet, only color negs), and its a treat to use, i can see why they're called the rolls-royce's of enlargers, and why commercial labs used them, they're like butter. albeit you need about 10' of headroom if you rack up the head really high. and sometimes 220v, depending on the PS and the head on the thing. if you want a horizontal, prepare a space about 5'x10'-15' long, and using a rail system i believe would be easiest. check out AA's enlarger that he used. it was on rails, and i believe it was a converted process-camera. really sweet, but BIG!
best of luck on the project, when you finish it(if you decide to build that is), post some pics so we can see?
-dan