You basically have two options. Two classes you can run in and keep a semi-steetable car on DOT tires. Those are street prepared (BSP) and street mod (SM2). It sounds like you want to do a number of mods that would move you closer to the SM end. From the little that I have kept up with SM it sounds like bolt-in subframes are now legal and that means you can relocated all the suspension pickup points and make the amrs longer.
The other option are the three slick tire classes. Those are FP, EM, and the new AP. With the exception of AP, which is a bit of an unknown, you will not have a very streetable car if you intend to be semi-competitive in these classes. Most creature comforts are thrown at right off the start.
It's really up to you at this point. I'd opt for a semi-street legal car if I were to do this all over as it helps to get some mileage on certain parts. And if you can truly replace subframes then SM2 sounds as good as any and you're likely to have a few people to run against.
Disregarding what PAX says, I think in an older car like the Z that prepared will be faster than SM. Mostly because of what you can do to reinforce the chassis.
Cary