You guys forgot about a lot of stuff... like strengh, just a little important...
Firstly, you can do this with any engine with a reasonable cost if its between 289-460.
Now when you choose your eninge(i would stay away from Cleveland; good engine, but parts are hard to find forged) you must buy forged everything. Forged crank, pistons, rods, even a block! and you DEFINITLY want 4-bolt mains. now you want to get around 800-900hp, which screams blower, OR a SUPER big shot of N20- and still you need top of hte line intake,carbs, heads, headers, ect..
now with all this motor you need a good tranny; TOPLOADER! the best damn tranny EVER tough as nails and won't stop. (plus its a 4 speed)
For the rear end you want a fairly highgear ratio. 3.73-4.11 (if you still need it for street)
As for the frame you want to find a GOOD drag race setup (but still legal) and you also want it nice and beefy. You want a nice roll bar and harness too, also good brakes and some street slicks (these tires are HORRIBLE on snow, ice, raim, and anything else under the sun that isn't dry pavment) and tubs.
With all this you still have to rightfully set up your interior.