Yes, the 3 lever light switch works fine on 12 volts.
The only problems for an M715 to go 12 volts, besides the bulbs and ignition, are the gauges and sending units, heater blower motor, if equipped, and the turn signals IF the early style distribution box is on the truck. This is a large rectangular box mounted next to the master cylinder with 2 vertical rows of screws with wires attached to them...like 10-12 wires on 10 screws or so. There is a page on converting this style to 12 volts and also a page on swapping to the later style as well in the Online Mainrtenance Manuals link at the top of the page.
If it has the smaller rectangular box with a 3 wire cannon plug screwed to the bottom, then it is the later style solid state unit and will work fine on 12 volts.
Lord send your Holy Ghost into our hearts and make the desire of our hearts Your Will.
Pro-choice, that's a LIE, babies don't choose to die!!