I would love a 32 Ford 3 window coupe! If you want a nice ride, buy a Caddy!
As for the 350, it's possible. My thoughts are, why? You have to buy the same parts, same costs, (unlike chevy BB vs SB) so why not build a 400/428/455?
How many times have you seen a 350 SBC on the cover of CC or HR boasting 600+ HP, only to read that was with a 200 shot of NOS?