Thanks Donovan.
Luckily I have my engine and transmission laying around. Although it is not a LS motor and it will be carbed, it is laying around and will cost me nothing extra, so I figure those would be perfect for this. I jumped the gun months ago and bought a JTR v8 kit. 2 months later and no word from JTR I decided to get my money back and go another route. I could easily fab up my own trans/motor mounts if it comes down to it.
I have read the r200 is stout if you can keep from snapping the axles in half. So my decision is putting a 9" behind it or taking my chances with the r200. I have a lot of experience with fabrication, so a 4 link system doesn't seem to difficult. I would love the keeping and upgrading the r200 to posi and stiffer axles, that way I don't have to do much work on the rear of the car.
The book is ordered! So I will be reading, and reading and reading some more til I know exactly what to do before I do it hopefully. I had ordered a book from JTR and never recieved it since I canceled my order.
I paid $500 for the car as it sits. The previous owner only wanted it for the r200, then ran out of time and space so I snagged it while I could. Not sure how the engine and transmission are but I'll end up letting those go pretty cheap if I can find a buyer. Motor turns over freely as he thought the motor was seized, I think that's why I got a good deal on this car.