5.7 is very do-able, if done right. Of course money would be a hurdle in the "right" part. I think the biggest problem folks run in to is just trudging ahead in a major project as such without completely thinking/planning it out. I know for one would have every single part on hand before even thinking about tearing anything apart. Of course there will be some items that come up during the build but that is also part of doing custom work and the pain of such can be almost eliminated with proper planning. Plan on tearing out everything out original and basically reengineering the vehicle, your using a shell if your doing it correctly. Also there is nothing true about the name "painless wiring"
As far as doing a SFA just as nice as Troy's is very do-able from anyone with the knowledge and a proper 220 welder. Preplanning, gathering materials before firing up a torch. For Pete's sake, he did his in a driveway. Again, knowledge, tools and material trumps a garage/shop any day.
Heck I did my OME lift in my driveway with a scissor jack and hand tools. Childs play.
Also when doing either one of the projects prepare to gut your wallet. You'll never recover the money spent on a sale of the vehicle. Think about it, most return their lifted KJ's to stock before thinking of selling it or turning it in to bring the value back up. A completely bad ars, in our minds, KJ will never run across the Barrett-Jackson auction line. So consider what your doing as a life long marriage or very poor financial investment, oh yea same thing
Oh yes I know someone may jump in and say they have seen Jeeps go across the Barrett-Jackson line BUT they were professionally done belly button Jeeps with just about every yuppie add on and will never see any dirt. Not only that the last one I saw auctioned off the owner said he just recouped the investment in parts and labor of modifications, not total cost invested, "the buyer got one heck of a deal". If I remember correctly it sold for about $65,000
Now if anyone brings in the ORIGINAL military Jeeps meticulously restored to every original detail and are of museum quality, I'll send Chris to ya to give ya a major punch in the gut!
Rant over, carry on
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Not going to get big dog a barkin so I'll leave it at that 
