on a 66, there are a lot of things that need to be changed to get an LS1/2/7/X in there. Mainly the gas tank if i remember correctly needs a return line to the gas tank. This means you either need a new gas tank/ or a custom sending unit with the pump installed in the tank.
$20,000 does sound a bit high... i hope that includes the price of a motor/tranny. But in fairness, it does take some work to do it right.
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