Each time I have been involved in a massive change-language operation, the rule is to throw away the old code, and write new code from scratch given the input, the desired output, and any other specification needed. It's faster, more reliable, and produces higher-quality code.
The one program I wrote by doing a direct translation was the only program that had to be rewritten from scratch after my co-op job was over. Everything else I wrote was still working when I went back to talk to my old boss 4 years later.
That was ForTran to C. Since then, I've converted stuff from shell to perl, and been involved in rewrites from C to Java - and each time, we looked at the old program from a user's perspective, decided what we wanted to keep, what we wanted to throw away, and looked at the code itself as little as possible.