There is no problem with running coilovers on the street as long as you choose your spring rates properly. You will probably want to get some good caster/camber plates if you don't already have them since your front suspension loading all goes through that point with coilovers - I have the Maximum Motorsports ones with metal spherical bushings with my coilovers and they work great. A strut tower bar is a good idea also.
As for rear coilovers, be careful whose kit you choose as some of them mount to the weak floorpan. I think Griggs racing makes a good rear coilover kit but it is pretty expensive. Maximum Motorsports was in the process of developing a rear kit last time I spoke with them.
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2000GT Atlantic Blue: Cobra R Wheels-17x9 255/40/17, 17x10.5 315/35/17, tubular K-member & control arms, Tokico 5-ways, coil overs, sway bars, strut/shock tower bars, 70mm FMS throttle body, Saleen nose.
79 Pace Car: Maximum Motorsports suspension - H&R Race springs, Bilsteins, rear control arms, chassis bracing, Draglites, 302 w/ Edelbrock Performer intake, cam and 600cfm carb, BBK equal-lengths & H-pipe, 2.5" Flowmaster 2chmbr exhaust, Al Driveshaft, 8.8 trak-loc, TCI C4 w/ 2000 stall, B&M
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