i've been looking at ideas for my next project after the little red devil, because i decided i wasn't in debt enough.

I am looking at a 47' cruiser ute basically keeping only the chassis and body and going from there. I'm trying to come up with the best all round design i can with excellent but well balanced flex, good high speed properties and stability for crawling.
Firstly engine choice. I know exactly squat about petrol engines but i want to go v8 on gas.
1. given the choice of LS1, LS2, LS3 or late model windsor, which would you go and why. Try to avoid the holden vs ford crap and just tell me objectively
2. which is likely to offer best bang for buck in a late model engine HP to dollar wise i mean.
3. Which is going to be easiest to wire up and set up the control systems
4. which manual gearbox is going to be best suited to offroad driving and the HP produced, or will a reco'd cruiser box be ok? If i go another manual box, how do i get the tcase to mount?
I'm looking at a full custom 5 link long arm rear with coils and fox smoothies, but what are some good options (and why) for up front. X link is probably not a goer as i'd like to keep it road legal (i might be dreaming though

1. 5 link long arm
2. 3 link and panhard
3. 2 link and panhard - but how do you get round the binding bushes and antiroll dramas?
4. 5 link and a quick disconnect sway bar.
Given that i'll be going with a late model motor, and a 30 year old wiring loom, do you think it will be less headache in the long run to just do a complete new wiring harness? I mean, 47's don't have a very complicated harness in the first place, surely i could lay it out and make an exact copy and integrate the motor/new auxilliary stuff at the same time
Lots of ideas would be appreciated.