[krausewich]

Welcome Steve.
Huge questions you have there!
There are many decisions to be made. Pros/Cons/Needs/Wants...

I think the first is deciding on the style. Big Block 427SC, 427 Street (AKA AC 289), Small block car (AKA AC Cobra, 289, Slab Side, 289 Comp Car, 289 LeMans, FIA, etc...) The body style in a replica does not indicate the power train.

Know what level of authenticity you're after. OE style chassis, full tube frame, ladder and tub, etc... all kinds... lots of history and approaches.

Know what kind of interior/finish level you are looking for. Materials, instrumentation, comforts, accessories, hard/soft top, wheels, etc...

Be open to powertrain options. People use all kinds of power and ALL kinds of builds/options.

You can find GREAT low/no mileage cars for your price cap... do not rush to get there! Sit back and wait for the one you want.

Good Luck,
Mike.