Woog: 2 Cents worth. I would go with a ceramic shorty headers, because of space! Then into a set of Flow Master, or Dura Max (I think). There is many combinations possible with the tightness of these old trucks you have to be careful. For the end results look at some old trucks, some have the pipes end in front, or behind the rear wheels.
Or take it straight back past the bumper.
Shorty Headers give about 8 to 10 HP, Many companies sell this stuff. I use either Edelbrock or Summit racing. Go to a speed shop ask questions. For me I am very fortunate having an oldtimer speedshop close by that offers suggestions on the race car, or my old 59.
popcorn The Truth is Out There (I also have a lot of respect for Hot Rod Lincoln's knowledge)