"Really my main objective is to make a cruiser. I saw the pictures of the Edelbrock 3x2 intake, and it was love at first sight. Also, did Lincoln make a Tri-Power intake in the late 50's? Are you saying that neither of these setups fit under the '62 hood?"
If you just want a cruiser, the stock 430 or 462 will do the job. It is a torque monster. As for the 3x2 conversion, you would have to cut the hood (There is an entry on this site that has a website of the 3x2 installation on an earlier CONTINENTAL).
MERC and LINC had a 400HP 430CI 3X2 engine in 1958.
"I was thinking that an improvement in carburetion, some head work and a new exhaust would do what want with car. I am leary of any cam work that would lead to solid lifters."
You have a 2V on your 430 don't you? I would consider a later 4V intake and the stock CARTER. It would not change the origionality of the car.
A nice mandrel bent exhaust system with fairly low restriction mufflers will help it breathe. As for the cam grind update, you would want to stick with hydraulics.
"What do you think of the tranny swap, worth the effort, or is the original tranny ok?"
The origional trans is a TWIN-TURBO CRUISE-O-MATIC. The thing is almost bullet proof. Maybe later on you might consider an O/D.
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