I saw a (built) 305 in a mud truck...that thing would scream. If a little 6 will push it around, that 305 will. 700R4 is a good choice, also. Performance and fuel mileage will depend on rear end ratio, carburation, tire size, etc.
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If you can't fix it with a hammer and screwdriver, you need a bigger hammer. 1965 Chevy C10