Sorry if this response comes off a little bit ramble-y Frenchyd, there's a lot that I know but it hasn't really been "condensed" I guess I would say.
1) Budget? I'm not considering one yet, simply because this is an idea and a project that will be years in the making and working with 70+ year old iron. I would say at best, I'm going to be as frugal as possible and try to plan as best I can so I don't get caught off-guard.
2) How far do I wont to go? I try not to build anything to numbers, I'm really just trying to make the engine as efficient and fun to drive as I can. I plan on making more of a roadster/speedster type build, so even if it was "only" 200HP if it was fun I wouldn't mind at all. Part of the reason I want to make all these modifications is, I just kinda want the mental excersise to see how far I can take this elderly technology with modern stuff.
3) I've rebuilt a handful of things and I've got more than enough people around me to help. But if you're always waiting for the perfect time it'll never come, so i'm compiling information and ideas NOW so when I just start "doing" i'll be ready and have good things to work from that i've been prepared for.
4) Believe me, It'll be original with what I'm scheming Using one of these long bois alone is unique enough, anything I do on top of that will just be gravy.
5) Modification experience is my Achilles heel here because the two "main" engines (I feel like it'll come down to at least, there's been few other opinions so far) are either the first stumbling beginnings for overhead valves OR the end of a technology slowly made as could as it can get over 50 years. I guess what I'm trying to say is, there are VERY Deep relations between bore and stroke that I haven't yet fully understood and some things remain Theory to me, which is made all the more interesting by these engines limitations.
For instance- I know that Packard engine, if I went with it, likely shouldn't go higher than 9-10 :1 compression or thereabouts no matter what HEI or fuel injection I could toss at it because (stop me if I'm wrong) eventually your combustion chamber in the L head becomes so small it becomes some kind of detriment. On top of that is the real reason I want to boost it; it's not just because boost is cool, it's also to force air through a complicated air path and make sure that whatever E36 M3 intake I make doesn't affect performance.
Also, I can use IH pistons in the Buick motor? Hot damn, I'll look into that thanks.