Questions from a newbie...

My biggest hang up right now is deciding on the trans. I'd love to save a bit of cash and rebuild the 904 that is in it now, but I just can't see this car finished without a 4 speed/pistol grip. I'm guessing about $3000 to fully convert it. I'm going with a 360 stroked to 408, and thinking about the Fi-tech fuel injection set up.

I'm not a red light to red light drag racer, so I'm looking at 3.23 or 3.55 gears to keep it streetable.

Classic Industries is having a 30% sale so I can pick up the k frame, sway bar, full handling package, and disk brake kit at a good price. I'm going to sleep on it though, I don't want to do anything rash!

John
If you build that 408 with a very mild cam, to go with those gears, you will have a great combo. For your application, Don't let anybody talk you into a monster cam. If you do this right, you can have a very nice pkg, with plenty of giddy-up, awesome response, impressive power, and great mpgs,too.
I've driven stick cars most of my life,starting in 1970. As I get older,I'm just not into it that much anymore. Besides with 3.23s/3.55s you're always in the bottom two gears anyway.
So here's an idea; put a pistol grip on your console stick, and shift your auto manually.
If you have to have a clutch pedal, you might like to do what one guy here did; he fabricated a clutchflite kit.Now he just might have the best of both worlds; a variable stall automatic.
As for the EFI; It will be a long time yet,before you could convince me to give up my carburetor.That would be on the bottom of my list.Then again, at the price of new carbs today.......