Just a tiny update. Still haven't bought wheels or anything of the sort. Still tossing up the idea of getting newer style wheels and some adapters I found from Vintage Venom, or going with some old school rims.
Anyways, I got it out of storage last weekend while I was home, and drove it all weekend. The had some problems. The belt got screwy on me and kept turning sideways, falling off, doing all kinds of nonsense. I'm sure its because its old and whatnot, but I noticed that none of the pulleys actually line up. They are all just a bit off from one another. Which is probably the reason why my belt would not act right.
I'm also still trying to decide what I'm going to do motor-wise. I'd love to have a mildy built 351W with around 300hp to play with. But I might end up throwing another 302 in it. I want to put EFI on it, but I love the simplicity of the carb so theres that too. For suspension, I have decided to do this right and throw a AirRide suspension on it. A little costly, but I've seen them put to use on the autocross track and theres no denying that they look frickin amazing slammed.