You need to really, really think about the gas you will use. You CANNOT run that SB 600HP engine on 91 octain pump gas and have it put out 600HP. Even if you tune it for race gas at the track and pumpgas on the street, how much hassel is that worth to you.
On the 600HP SB. Make sure you understand the life expectancy of the valve train in that motor. I bet if you ask the builder about this he will steer you towards a different motor for a street car.
You really do not need a race motor in a track car. Think ballance. This type of track driving is better suited to a big inch motor, 400+ inches, and a pumpgas tune. The 427 (351 based) with a hyd roller cam, 750 Holley, and about 10 to 1 CR will make an easy 400+ HP, maybe 450. The engine will last several years and you can simply get in it on a Sunday morning and drive anywhere you want. Fill her up anywhere and drive home.
Last time out at a open track day I was on the track with a 600HP + Corbra, a brand new Mustang Shelby 500 (550HP), and a couple of 7000+RPM SB track only mustangs on slicks.
I was able to run them all down in less than 15 laps (30 min). I have really, really good brakes, a Quaife diff, decent tires (Sumotomos) sp? and about 300hp at the wheels. The Shelby put it into the wall, the corbra had it so sideways he pulled off the track, and one of the mustangs came up to me afterwards and wanted to know why my car was so much quicker on a lap when he could see that he had more power. He said "you were going in so deep on the brakes I let up to keep from being in the big one only to watch you run away from me corner after corner". Remember he was on Hoosiers.
By the way the one car that was a handfull was a Mini on slicks, gutted out interior with a full cage, and a big supercharger. I was right at my personal comfort level in the center of the corners and he could pull me off the corners until I could get full power on. That thing had a hell of a set of brakes on it too. I think maybe I was about a 1 sec to 2 a lap faster (2 min 17 sec lap) than he was but I also think I was trying a lot harder. He had about 230-250 hp I would guess.
So do what turns you on, but I bet you take out that 600Hp buss bomb after a while and put in the big inch motor. If you have the money for a 8000 RPM SB you can afford a Aluminum 351 (427) BB. Best of both worlds!!! Good power and light weight. Ballance again!
Go with the lazy reving big inch motor, after all, that's what Ford did......remember.
It's all about the ballance baby!