Here are a few more questions for you guys.
So what would be the best built 408? How would you guys build it...??? I want around 500+ hp. I want my bronco to be running high 12's-13 in the 1/4 at 5500ft elevation with 35" tires. Think I can build this motor for $5K? Also can a c4 handle the horsepower? What tranny would you guys go with?
If you really want to take it to the drag strip, and run high 12's at that altitude, there is a lot more than just HP.
I took my bronco to the drag strip this fall, (sea level) 302, 35 inch tires, 456 gears, 50 lbs of tools, high lift jack, spare tire, a good 25 gallons of fuel I ran a 15.2, but bogged a little off the line. I know with a little tunning to my carb it has 14's in it.
With the short wheelbace of a bronco, you want to keep the suspension lift as small as possible. Enen with my 340 Hp the weight transfer with my 3.5 inch lift, was pretty extreem. My rear end really squated down, and the front end lifted pretty high. While those are both good things, the soft springs all the venders sell these days are not good for a drag racing setup. You will need a good set of traction bars, and some springs that will somewhat control the way the truck launches. Also 35 inch tires and wheels are heavy, and take a lot of power to get going. If you can limit your tire size to 33 inch, and keep the lift around 2.5 inches, that will help you at the track.
As far as transmissions, a properlly built C4 can handle your power, but you would be better served to run a modern trans that you can put a high stall converter in. Maybee something like a Explore trans, or a GM trans. Trust me you can spend as much for a transmission/converter as you are planning to spend on building a motor. Most standard transmisions that can handle 500 HP are not geared right for drag racing, so I would stick with a automatic, with a 1800-2400 stall converter.
If you just want a fast truck, and don't plan to go to the track, than in all means go for 35's with a taller lift.