After doing some extensive research I pulled the trigger on just about everything I will need to build up a new transmission except a torque convertor. I bought a used mid 70's 727 for $250. I spent about $1400 on everything else I thought I would need. New bands, clutches, steels, bolt in sprag, shift kit, new steel planets, 48re parts to hopefully stuff 6 clutch plates in the forward clutch, and more. Some parts are on back order so I will get those in mid june.
Moving onto the rear axle, I want to update the suspension. I am thinking fabricating two links that follow the same sweep as the stock leaf springs will be the simplest solution. I am not crazy about the idea of a slapper bar system because I think it puts a lot of stress on the springs still and mounts as-well. This will allow me to honestly just keep the stock style suspension and save myself a whole bunch of work. I'm really don't want to have to fabricate a triangulated 4 link or a parallel 4 link w/ panhard for this car. Then I would have to figure out how to make a coil-over work in the car which would be way to much work for this car.
I also need to break out the tape-measure and figure out what the biggest tire i can stuff under the car with some wheel with more backspacing. I really don't feel like modifying the wheel tubs. It might be something I put on my to-do list in a few years.
All for now.