First of all if you don't have the right blocks to support both the frame and barrel you will risk ruining both. Next you need different blocks for the 2" barrel. If the barrel needs to be fitted (likely) you will need a lathe. Then a new cylinder center rod and extractor rod. We won't go into the question of finding a new 2" barrel, but if you do find one expect it to be costly.
You can shorten the 5" barrel, but not below 3 inches, or you will lose the bottom lug. Then you will need to replace the front sight and have the barrel blued afterwards. There is a good chance the color won't match the rest of the gun, so you may end up rebluing the whole thing.
In short, you would be much better off selling the revolver you have, and put the money toward the one you want. Or keep what you have and leave it, "as is."