Ballpark figure, around 450 pounds give or take. Not much lighter than an all iron Windsor setup.
There's alot that you can do to the motor, it just depends on what you want out of it and your fuel delivery preference. There's a thread at the top of the 2.3 tech forum page here that has some good info. Mind you, there's a good portion of it that is Mustang specific, but even those ideas can be adapted to your build.
For parts check the following
Esslinger Engineering
Racer Walsh
Boport
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