I think its a pretty cool idea for more of a hot rod since old iron anymore is getting to be pretty pricey anymore, for me I would keep it simple since I already have a couple of carbed 500+ cu in. big blocks (love the simplicity and Torque!) and the modern trans tunnels are fairly large to install an overdrive if a person wants to got that way then you have a more modern suspension. The issue of the electronics would be the tough part for me to figure out.

Here in Las Vegas with the emissions testing crap there wouldn't be anyway for you to legally license this for highway use unfortunately.