You are close. In Stock Eliminator traction devices like Cal Tracs can be used. That along with slicks you can plant the tire, and make the chassis work much different then trying to hook a bias ply street tire. When you can make the car hook, you do not need a ton of front end rise. Look at all ProStock cars and SS/AH cars. The front ends are tied down, becauase they do not need the front travel for weight transfer.

And as for a SS/AH motor cloned as a FAST motor... Throw a stock looking intake manifold, exhaust manifolds, and couple Carter carbs, and see what kinf of HP that stock stroke makes.