William,
The engine will be a full build and replace. I've been toying with the idea of having a remanufacturer supply the shortblock, as they said that they could include a hot cam and a dual roller timing set as part of the package. I think though, that I'm going to try to find a rebuildable 200 shortblock for cheap so I can have better control of what goes into it.
I'll probably order a cam and timing set from Mike, and one of the new headers when they are available.
As far as the head, well, I thought that I had an OZ head lined up, but haven't heard lately from who I was getting it. So that may fall through. As an alternative, I guess I'll try to get a 77 or newer big log 250 head and do the recommended mods in the Falcon Performance Handbook. I wouldn't mind an argie head, but headers are an issue I gather. The full rollers sound cool, but I'm not sure if I need them as I'm looking at doing a reasonably mild cam 264/274 112* FSPP probably, and I'll try to keep the CR to right under 9 so that I can still burn regular unleaded. I'm going to attempt to port and polish the head myself and unshroud the valves, so maybe it's best to start with a US head incase I mess something up beyond repair.
At the same time as the engine is replaced, I'm planning a T5 swap, so I'm also doing the research into the the exact parts I'll need for that. Hard part is deciding which T5 to go with. There have been so many different ratios, and I have no idea what would be the best with the standard 3.20 rearend.
All in all I have my work cut out for me, and I'm sure I'll be asking a TON of advice before I'm through.