Personally, I would leave the stock frame and just upgrade with aftermarket parts.
there are companies that make a fiberglass transverse leafspring and a set of adjustable shocks for the rear and a nice set of coil-overs for the front. I am not sure about the control arms.
The factory IRS is actually fairly strong.
This would be a great budget upgrade without having a lot of downtime.
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65 Malibu "Liberator"
91 Fox Coupe SSP "Emma"
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