I may have found it....
Depends on price. As you know, you'll be knee deep in it getting it into the 8's.
I'd look at it as a sum of the parts type deal. The car has some nice parts on it for a 10's and slower ride. Almost nothing on that car would stay as far as driveline. The trans won't work if going BB, rear axle will explode sooner than later. I'm guessing it has leaf springs on the rear... gone as well.
If the car is dirt cheap then it may be smart. Otherwise you may want to look at something that is more complete and consistent with a car that runs the numbers you desire.