I have a basically stock 292 in my 47 and like it alot. It would run 45mph real nice and I could run 55 but it was reving more than I liked. I think you well be pleased with it, for all your plans, I now have a overdrive and can run 65mph. But I dont like those speeds in the truck and about 60 is where I like it out on the freeway. Still around town I like running at about 35 with it, good luck with yours.