new to site, 68 SWB 4x4 - post your ideas

[msgross]

OK, THis is my first post on the site. Just picked up my project. Let me know your thoughts, ideas, remarks etc... This will be a slow project due to budget contraints (wife) but need to make some fixes quick if I want to drive it.

1968 SWB 4x4 K-10 Chevy
one owner, 78,000 miles
327ci w/4bbl
No power anything, tach in dash, locking hubs
Hasn't been driven for 10 years but it drove itself onto the trailer

My plans:
drain and replace every fluid
service engine
new exhaust, plus headers,
new tires and rims
new/used hood
new/used front bumper
replace wood bed, came with GM black wood (for long bed but can work it)
That might get me running and semi legal in PA for inspection.

Questions for you guys,
What size tires can I run with stock suspension?
What with about a 2-3" lift?
What would you do? Now what would you do with onlt $1500 or so....
Should I just suck it up and strip it to frame now?
Thanks....Mike