too cool ! please do a 49 quaker state replica!... 15 inch minilites and clever suspension tuning will get you there.... would be an awesome car!
not sure about the 200r4 being cheaper though, a supert10 4 speed isnt that expensive used, and you can come far cheap in the suspension department if you box the stock controll arms and substitute dollars for sense...
you can get some raced once or twice nascar stuff very very cheap on ebay, and since you look to be handy with a welder you could do a truck arm rear and SC&C stg 2 front for less than 1k,
paint it yourself and drive the doors off it
