Modernized Classic Truck!

[Purs]

Trying to map out a budget for my current project and wanted to get some opinions from those of you that have been down this road before. I have a '69 K5 4x4 Blazer with the CST package that needs a total restore. It came as a auto with no A/C, scroll seat covers on the buckets and rear seat and side panels. No rust in the difficult areas that I've found yet.

Here's my goal for this project: to make a totally reliable, roadworthy vehicle that I can work and play in. No racing no car shows, just work and family cruising. For this particular project I'm not concerned about keeping everything original. My plans are for a modest 2.5"-3" lift with 33" tires on my 15" stock rally's.

My question to the experienced bunch is this, knowing that I want this thing to be bullet proof both engine and chassis wise, should I look for a newer suspension components to put under this truck? Obviously front disc brakes would be nice. I'm undecided on whether to try and locate a GenIII / 4L60 engine/tranny combo or not ($$) as the 350 that's in it seems to be in good working order. The Turbo 350 tranny will have to be rebuilt so an overdrive would be nice though...

As always, my budget is modest and I need to make every dollar count. Thanks for any input that will help make this project a success.

PS. To all the purists, I realize that I have 1 of 49xx blazers made etc... Unfortunately, this truck is what I found and what I have to work with. If it makes you feel better, when I'm finished, this truck will "look" mostly stock on the exterior. Hopefully, it will just drive like a new one. If you have a "less rare" blazer that you want to trade then let me know.

thanks!