Doing all the labor yourself? If so the $35k seems about spot on. That's about what I had in parts doing a similar project, bought a nice, restored running 72 w/ a 355 and changed every single part until it's a pro-touring setup w an LSA supercharged LS lol. I got burnt on labor for the stuff I didn't do myself going multiple times over budget due to a variety of things out of my control.
My advice, be very specific w/ vendors on what fits and how, even reputable ones can be totally wrong and not want to admit it, costing you a ton of time (or labor $). I specifically had this issue w/ custom works who is very big in the second gen world (all over Nasty z28). Same thing w/ Hurst Driveline, they both made things right but not after I paid God knows how much extra in labor trouble shooting "bolt in" parts they sent which were flat out the wrong part that had to go back.
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