Daily Driver? - Get the 1.175" compression height piston, and the 5.315" rod. Keep the 347, and get a piston without a "4th ringland," aka, wrist pin does not protrude into the oil ring expander/scraper area.
After getting the 1.175"/5.315" 347 combination, the ONLY thing I worry about with the increased stroke is piston rock at bottom dead center. It can cause unneeded wear on the piston skirt, as it rocks, compared to something with less stroke. This has been documented.
Probe Industries carries them, and
www.coasthigh.com does as well.
What is your budget? That will determine much of how much power you can get.
Manual will be quicker, if you can drive it.
High 11's is very possible, depending on budget, suspension, race weight, etc.
3.55's are okay, it just depends on the powerband you want to acheive.
If you would like to find out more about the differences and pros/cons of different combinations, you can click on the stroker information link in my signature.