Second thoughts on race platform

I've been thinking about which car I want to make into my serious street/strip vehicle and would like some input from you guys. I don't have a specific time goal or HP goal, just certain build aspects. The platforms that I have at my disposal are a 72 Gran Torino parts car, 72 Gran Torino which I'm currently working on making my daily driver, and a 79 Ranchero that is my resto-mod project in waiting. Both Torinos are formal roofs, but the one that I'm currently working on is a formal roof sport. The Ranchero I had originally bought about 4 years ago as an untitled parts car for a 72 Ranchero GT that I had at the time, however the body is in too nice of condition for me to bring myself to pulling it apart just for parts and I intend to put it back together as well as swapping out the nose for that of a 76 Elite and dropping in a 460.

My engine goal is a 12:1cr, d0ve headed deal which will be fed e85 for the drastically increased octane over available pump gas. The parts I already have are a d1ve short block builder, d9te short block builder, 1 pair of d0ve head builder cores, and 1 victor intake with a dominator pad.

I know this is rather disjointed and rambling but I figured I should get my thoughts out there and see if anyone can make heads or tails of it and help steer me in the right direction.

Thanks guys!

the 72 torino is a fine idea,few of them out there, but dont stop at 12.1 comp