A lot of people are still of the mentality that if it's old it can't be any good. Mustang II front ends are "required" for any self respecting hot rod. That's BS. There's 1/2 of your budget right there in the front end swap.
So keep your money in the bank and do brakes first and foremost. Then front end bushings, etc. Use a shop manual to help with that stuff. And all the while, work on getting that 6 cylinder singing sweet. I'll bet that you have a pretty high rear gear ratio in the truck now. Maybe a 3.36 or 3.73. Odds are against a 4.11 in your truck. I think you might be pretty pleased with how well the truck would actually do once it's up and running.
You should get yourself an Assembly Manual for 60-66 and the Service Manuals as well. EBay will have them for varying prices.
The oil bath air cleaner is very effective-as with anything else on this truck-when properly maintained.
Last edited by k10; 02/14/2010 5:00 PM.