My buddy has a 429 under the stock hood of his '81 Coupe. To overcome the clearance issues, he cut a round hole in the hood and mounted a '70 Boss 429 hoodscoop. It fits nicely.
He did this conversion back in 1984 and bought the entire kit from a company that was around back then. He got a different K-member, engine mounts, headers and other miscellaneous parts. It looks right at home in the engine bay.
The only problem with his combo is the C-6 transmission. There's no overdrive and with his 3.73 gears, he can't really take it on the highway for long periods. It kind of stinks, because we're always going to shows in Connecticut or New Hampshire (2.5 hours away) and he can't go because his car won't keep up, due to the high rpms that he's pushing.
If you're going to do it, make sure you find a way to use an overdriven transmission or you may regret your choice.