I think that you will want the Soarer's if you do the "ANSI mods" because it will make them easier to program and permanent. Otherwise, the AT cable is plug and play with a PS/2 adapter.
The Enter key is pretty easy, as these things go. Putting the beast back together is always the hard part.
If you go further with the Alt/space bar mods that wcass pioneered, that is probably quite a bit more difficult.
I'm working on this mod myself- the Enter key and "|\" is an easy switch. The spacebar splitting is significantly more complicated, but possible. I used barrels and hammers from a Model F XT for the extra two modifiers, but you will have to sand down the keys, or the case, as they aren't a perfect fit.
For the WCass spacebar mod, I cut the plate with a dremel, and removed the corrosion I found with Naval Jelly (which will strip the original paint as well- be warned, but I'd recommend chemical treatment over mechanical grinding rust if your plate has any rust), following up with Rustoleum "stops rust" spray paint and primer after doing the surgery on the plate. The plate doesn't have to be pretty as it'll be mostly hidden anyway.
When you open it up, chances are you will find that the foam sheet is no good after thirty years. 1/16" neoprene closed cell foam from McMaster Carr and some leather punches should let you make a new one.
The Soarer converter is pretty easy even for a beginner like me. The documentation included in the download is excellent. The hardest part is putting it into a fancy case and making it pretty- nothing to do with functionality. Get some female to female jumper cables and order your teensy with the pins already soldered onto it if you don't know how to solder.
I went a bit further and lubricated the key sliders with Teflon (EK's light lube- resulting in a definite improvement in the key feel) and replaced the aged and cracked original keycaps with custom printed new ones from Unicomp (I'd recommend sanding the bottom edges of the keycaps with 600 grit sandpaper as Unicomp's molding is a bit rough if you're a perfectionist). I love how Model M's and F's use interchangeable keycaps for the most part- except instead of wire stabilizers Model M keys use inserts in the secondary barrel- don't forget to order those inserts from Unicomp.
Now I just need to repaint the case and floss mod the springs.... and maybe integrate the Soarer converter into the keyboard case itself....