I am building up a 1976 and I need some help thinking through options for the motor. I have $1500-$2000 max as my motor budget. The truck will be a daily driver and I expect to drive about 10k miles a year. Torque is important because I will tow quite a bit and I would like to go to EFI route for reliability. It will be mated to a NV 3550 transmission with 4.3 inch gears and 33 inch tires. I also want to run air conditioning and not leak like crazy on my garage floor six months from now 
I have collected some potential components to start with. I have a 302 that came out of the truck but I don’t know the history on it. It has a two barrel carburetor and runs well on the test stand and compression is OK. I don’t know the mileage on it and to my knowledge everything is stock and probably tired.
I also have a 5.0L motor from a 1996 Ford explorer with everything including the EFI set up, front dress, and accessories like the alternator, power steering pump, etc. it does have GT40 heads. Mileage is unknown as the speedometer stopped working at 163,000 miles several years ago. It was used as a hunting truck and not driven a whole lot in recent years.
Given these parts to start with and my budget how to build a reliable 300hp ish daily driver motor with good torque?
I have collected some potential components to start with. I have a 302 that came out of the truck but I don’t know the history on it. It has a two barrel carburetor and runs well on the test stand and compression is OK. I don’t know the mileage on it and to my knowledge everything is stock and probably tired.
I also have a 5.0L motor from a 1996 Ford explorer with everything including the EFI set up, front dress, and accessories like the alternator, power steering pump, etc. it does have GT40 heads. Mileage is unknown as the speedometer stopped working at 163,000 miles several years ago. It was used as a hunting truck and not driven a whole lot in recent years.
Given these parts to start with and my budget how to build a reliable 300hp ish daily driver motor with good torque?