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You'd need everything above the frame, the slide is different. Some have had some luck replacing barrel and ejector, but extraction will be an issue. And to change back and forth, you'll have to change the ejector (not the extractor) and that is work bench job. Just buy a second pistol.
I can't comment directly on the .45 to .40 change, but I did convert my STI .40 to 9mm. Here are the changes that were necessary:
1) New barrel
2) New recoil spring
The ejector had to be profiled a bit, but not much. Also, there was the potential that a new bushing would be required - but in my specific case it was not (STI barrels OD on 9mm and .40 are the same). I should also note that the POI is different when I switch out barrels. This isn't a big deal as I have and adjustable rear sight.
Clarence at BCM profiled the ejector and fitted the new barrel. I'd give him a call and discuss the conversion. His advice will be more useful than mine.
Had to open up the breach face on the slide a small amount but other than a new extractor barrel and bushing and timing the barrel it was straight forward. Hardest part was getting the 9 mm mags to work.
I've heard some 9 mm slides won't need the breach face opened.
9 to 40, or 40 to 9 work, as they use the same breachface, (major difference extractor placement) but 40 or 9 to 45, not so hot....and since it's a norc to start with, it would be just as cost effective to buy a second one, and probably work better to boot.