sierrax
+1y
302 FI swap ....... the only way to go. I bought a T boned 91 Mustang for $1200. Pretty much all the parts I needed except for the motor mounts, painless harness, electric fan, driveshaft, exhaust and B&M floor shifter. After I took out everything I needed I sold the mustang for $800.
You can use the stock hood and don't have to modify the engine bay at all. FYI, if you are putting any engine in with any amount of power don't run blocks in the rear. The axle wrap causes wheel hop and your rear end will blow up. And yes the looks you get when you are sitting at a light are priceless.