FordRacing65 a properly built 427SBF will have no problem revving to 7000+. It will it wear out faster, but how many miles are you going to put on it anyway? Plan on rebuilding the lifters and replacing the springs around 7500 miles on 700 lift cam (assuming the ramps are not too aggressive). Skip the fuel injection and use the money elsewhere (a good carburetor will make more power anyway). Can it be streetable? YES
Is a an extra usable 1000 rpm, and 65hp worth the extra expense?? That depends? Do you like to lead or follow?