Help me build a Raptor killer

[JimJones]

I want to build a C10 that is the classic equitant of a modern day Ford Raptor. Something that keeps most of the style and mechanical components of old but has modern day capabilities. Something that can unquestionably hold its own in any situation but also be fun and reliable to drive. And most importantly something that doesn't break down every other week.

Check out this vid:

http://www.youtube.com/watch?v=VF2lg06Xfh0

I love this truck. I haven't been able to stop thinking about it since I first saw this vid last summer. I want my finished truck to look very similar to this. But I want to upgrade some of the mechanical components to make it more fun to drive. I mean what's the point of spending 50k fixing up an old truck when at the end of the day it drives and handles like a 50 year old truck.

I need your guy's advice on what parts you would use to set this up. For me engine and tranny choice is easy. I'm planning on running a GM crate 427 and a 700r4 tranny what I need the most help with is axels and transfer cases including the parts that go inside of them like axel shafts, differentials, lockers and all the little parts that go inside of them like bearings and what not.
What axels front and rear would you choose if you were planning on 500hp and 33-35" tires? And what parts would you stuff inside of them?

Same thing with the suspension and this is the is the most important part of making a 50 year old truck be able to hold its own with a Raptor or modern day 4x4. What kind of suspension set up will be able to do what I want? Just putting new shocks and bushings on a 50 year old C10 is not going to give me the ride and handling I'm after. What kind of suspension mods are out there for 4x4 C10's?
For years I was into early Broncos and there is a plethora of aftermarket companies out there that make all kinds of suspension mods for them are there any companies out there that do the same for C10's?

Short list of stuff I want on the truck
4x4, Longbed, GM crate 427, 700r4, 4 wheel disc brakes, Front and rear axles with lockers that can withstand 500hp & 33" - 35" tire smoking burnouts and fishtails without snapping. And basically be able to have a finished truck that will last 100k mi without any major repair bills. I'm not going to thru the trouble and hassle of having this thing built to have to deal with going to the shop ever week to have something worked on. I want everything to be as bullet proof as possible.
So what parts and components would you guys go with? I appreciate any suggestions you guys have