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I'm starting to redo somethings on the motor. So much room to work in. I was thinking of exchanging motors for a V8, but with gas going up and up, the 6 cyl. is sounding better. This car made the drive from Tenn. to Vegas and now sits in a garage awaiting new paint and interior.
Well.. no turning back now. You ought to read my last blog if you haven't already. You may find out for yourself what that's all about.
You ought to move up to a later pre-smog 200 6 (up to '71 model) and get a newer C4 automatic to go behind it. Going to a V8 might require a lot of other modifications (front-end, rear-end, driveline, etc). and might put you in a longer process than you may have wanted to do. You'll probably need a new driveline with anything but the original setup.
What I would consider would be to go totally off-the-wall and pickup a little v6 out of a Ranger pickup and a 5-speed manual tranny. That would make for a pretty peppy little Falcon without the gas sacrifices of a V8. I've never seen it done either, so you might have a real conversation piece if you did something like this.
Although with a classic car, which doesn't get driven as much -- having a V8 assures you at least get fresh gas more than once a year. I find, some years, to not put enough mileage on my wagon to use up a half tank (all I ever put in) a year.