Good luck, Killa! We're restoring a '67 K10 shorty, too. We have a very good friend (almost like family) who was the manager at our local off-road service center/mechanic shop/store. He's done some amazing work on some Blazers and such and really knows his stuff. He's volunteered to help with suspension, and this truck has him scratching his head.
Like John@the peir, we've decided to stay w/ the original frame. I figure it's not every day you can get your hands on a #'s matching truck w/ the original engine so we'll stay mostly stock. Let us know what you find out there. Knowledge is power!!