Lots of people have done this.
You'll need to bore the top or get a 53 mm triple. Speedy motos makes them, and Cycle Cat did. There's been some talk here of it. For future reference, a quick search never hurts.
Also your Monsters lower Trip is 54, not 53 - so you need a shim
Google "monster sbk conversion" and you get a lot of info inluding:
A nice step by step from Ducati Suite:
http://www.ducatisuite.com/monstersbkforks.htmlAnd some other info... sadly at TOB
http://www.ducatimonster.org/forums/upgrades-performance-mods/123128-fork-swap.htmlIF you can get the forks for a good price, it's a really good upgrade over the stock forks. And though most folks opt for engine mods to go faster, superior suspension is prbably wiser money spent, and can potentially make you faster by the virtue of the bike performing better.