Hearses are wicked looking when done right. Satelites & GTXs are awesome too, but not THAT uncommon...just finished welding in new sheet metal in the trunk of my buddy's '67 Satelite, needed to get rid of spare tire well and mount fuel cell in trunk. It's sick, dyno'ed 573hp on 115octane...will run on 94 plus octane booster and lead additives if the timing is retarded.
At any rate, me being a Ford Fox-platform fan, I would say that a '78-'80 Zephyr/Fairmont or even a fairmont wagon would be an awesome candidate for a hot rod...or better yet, a sleeper. These car share the Fox-mustang chassis with minimal differences. You could build a wicked high-boost 2.3 turbo motor and drop it in, or even go with a 351W based stroker. Either way, it's all bolt in stuff. BTW, I have seen a fox-chassis Fairmont wagon(a "woody" nonetheless) with a 460 transplant, yank the front tires 3" off the ground...that was just plain silly.
New Toy- Stone stock '88 T-bird Sport in need of some TLC
1988 Cougar XR-7- HO/T-5 conversion, cracked block prevented from reaching full potential.
RIP '88 T-Bird....email@example.com...best sleeper in So. Jersey, now it's taking a permanent dirt nap.