either way 700 is going to cost you big money, to give you an example these are some of the things that you might need to do it right.
-aftermarket block(dart) $2000
-408 forged stroker kit $1600+
-machining and balancing/assy. $1500+
-tremec tko/c4/c6-$1600-$2400
-lots of suspension-$1000+
-built 8.8 or 9" rearend-$800-$1300
-heads-$1200
-porting for heads $1000
-slicks
-intake
headers
k member
i could go on and on
in other words, to do it right your looking at $10,000-$15,000
unless you just plopped a 460 stroked (514) in it, with a 250hp shot. but that would probably rip the car apart.
i would just build a 347 w/ t-76 ball bearing turbo with a dart block and all forged internals. with 20+ psi.
i sat down and tried adding up how much i have spent on my car over the past 2 years, I GOT TO $12,000 AND GAVE UP.
all the little things add up, when you go big and do it right.
just my .02
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