well 1200 dollars wont get ya a nice paint job thats for sure.if it was me i would start the v8 swap.mine was a inline 6.it has a 289 which i just removed for a 421 stroker.or if you dont want to go that far you could swap rear gears for get up.i also am the fast type and am restoring my 66 but i think its better to do drivetrain first so you dont scratch your new paint while restoring the drivetrain.but thats just my .02