Don, I think you are on the right track to go to a fuel injected LS based engine. You might ask this question on
www.LS1tech.com. They have a section devoted to conversions from a non-LS based engine to the LS based engine.
On a side note, the next time I drive through your area, I would enjoy seeing your project. I live in Amarillo and am from Midland, so I make that trip regularly.
Phil