As far as rears go, nothing wrong with a twelve bolt. You might want to check out some of the ready to run 9" or Dana 60 packages offered by Srange, Moser, or Quick Perfomance. Some guys on here use the 8.5" 10 bolts with great success. I would toss the 326 and get at least a 400 if you want to pass anything faster than a Prius.
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Chris D
69 GTO Liberty Blue/dark blue 467, 850 Holley, T2, Edelbrock Dport 310cfm w Ram Air manifolds, HFT 245/251D .561/.594L, T400, 9" w 3.50s 3905lbs 11.59@ 114, 1.57/ 60'
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