So, the time has come and after quite a bit of research I'm 99.9% certain of my build plan. Your thoughts are welcome.

MK4 base kit:

+
Powder coating
Cut outs
new A-arms
3 link rear-end
1996 steering rack
Vintage low back seats
17" Halibrands
Heater kit
96 conversion kit
rear Brake package
new FF 8.8" Rear-end

Donor: 1996 4.6 Cobra DOHC, 305hp, 300ft/lb torque, 5 speed. 105k miles. (already purchased); salvage for $4,300 and totally driveable. Going to part it out as I build.

Still needed:
a place to build it in or around Los Angeles!
tires
wiring harness strip (wirediet seems a little steep, any other suggestions welcomed)
paint (chrome orange metallic with black roll bar, black side pipes, charcoal Halibrands, black interior, to stripe or not to stripe is the big question).

So, what do you pros think?