thanks for all the advice everyone!! Here's a little more of what I'm working towards.
My motor now, from what the title says has at least 264,000, my buddy i bought it from claims the person he purchased it from told him it had about 140,000. Seams like a strong motor, haven't done a compression test yet but it doesn't burn oil, at least i can't smell it, or see it. it does have the typical lower intake leak I've read about, the pan might be leaking, along with the r.main, just cant tell yet with all the oil from the intake.
i am going to the salvage yard tomorrow to try and find a maf setup, and any other parts that are pretty that haven't been raped yet...
I'd like the gt 40 crate just for the fact that it's gone down the ford assembly line so it should be a damn good motor, and since it's gonna be a DD during the summer it has to be reliable. it seams fairly priced to me for a basically ready to go 345 horses. and the 9:1 compression would allow for a vortech to be bolted on in the future. Who makes a good kit to rebuild my current block? I'f I bore it to a 306 or stroke it (hehe i said stroke it) do i have to change or re-calibrate the computer or anything else???
after starting this tread i was reading about the mac exhaust, and found alot of negative remarks regaurding fitment problems, but they are so cheap compared to some other companies, on the other had i love the way they sound.

The bbk LT's look nice, but i'd like 1-3/4, and they don't offer one am i right?? Maybe since i'm looking for more of a road course car instead of just a drag car would it be smarter to choose equal length shorties so i don't have to worry about bottoming out when the suspension is lowered(coil overs)??
As for the intake, the BBK attracted me because it's different. Although i do like the edelbrock Performer RPM, ecspecially after a nice port and polish.
If i were to keep the current motor after a rebuild, the AFR 185 heads tickle my fancy.(tickle what?)
Then for the clutch, i saw a FRPP clutch for, i wanna say under 150 beans, then see the centerforce clutchclutch for 399, is centerforce really that much superior?
Tranny, keep the stocker and rebuild it, or buy a tremec 6 speed?(just to give me that extra gear on the highway)?
I love going fast, who doesn't? I just want to be able to take corners like a porsche too!!

I like to drag too but the roads i drive on aren't strait. for that reason i think i would choose to go with coil over on all four corners to perfectly tune weight distribution. Why not throw a tubular k and some A-arms too??? I like the maximum motorsports line of parts, but they seam a bit pricey compared to say a D&D setup.
In the back, steeda 5 link setup, S+S solid rear, with 3:73's or possibly 3:55's, how high are the rpm's with the 3:73's doing 75 in fifth, because i have a long stretch of strait I-95 to screw down to get to the track in NH. That's the only reason i might choose the 3:55's. Then for a posi diff., I'd like something that allows tight quick corners to be made without the ass end hopping everywhere...... also change to 5 lug's, i like my tires to stay one the car thank you very much.
And we gotta have disc's on all four's!
now it's 4:15 in the morning and my brain hurts from all this late night inebreated thinking!!

Can't wait to read all your input! If i missed anything let me know!
Thanks again, Dan Mac