Welcome to the 'bolt Kelle. Cool '54. I like your build philosophy, get it on the road and make it safe!!
I'd keep that 235. The '54 was the first year of "full pressure oiling", they run forever and make decent horsepower unless you plan on really doing some heave hauling.
In the video you mention the distributor. After the 12 volt conversion (lost of tech tips on this board) I'd consider a Langdon mini-HEI distributor. I've had one for 2 years, set it and forget it, no problems.
Good luck with the build, keep us posted. Love the videos.
