Another member on here that used to own an LS tractor (@PCABE5) did it and shared it with me via email back and fourth. I was interested in doing it, but it turned into one of those projects I'd get to "one of these days" and its been 3 years now
Here is a copy/paste from apart of that email conversation:
"I bought the steering wheel from New Holland and it was about $80. Then I bought a bunch of 1/4 inch grade 8 bolt's from 2 1/2 to 3 1/2 inches. Then I bought a CV joint bellows to cover up the cut marks on the hub. That's why you see it covered up.
I cut the center hub off the new steering wheel with a sawzall and left the plastic coating on it as it seemed pretty stiff and would give me an extra 3/4 inch in height. Then I drilled two holes into the two hubs to one size smaller than the 1/4 inch bolt's. The original wheel was then drilled to 1/4 inch so the bolts slide through and the new hub I tapped to 1/4-20. I mounted the new hub to the column and then bolted the old steering wheel to the new hub.
The only modifications to the original steering wheel were the two 1/4 holes and under the center cover cap I cut out some of the plastic so I could get a socket on the new bolt's. Total it raised the wheel about 2.17 inches.
It can be returned to original with no issues or modifications. "