I'm in line with everything 440 said, but I'll expand on my point of view a bit, since there's nothing on TV and I'm not ready for bed yet.
Oil mods: The valley line was done by circle and oval track racers who keep their engines over 5000rpms and in a constant left turn. It's not even remotely necessary for a street engine, even steet/strip cars would have a hard time justifying the risks.
The Dizzy OIler: I am the only person on the planet that I can confirm to have done this. I'm an engineer and I tinker beyond reason (just because I'm smart doesn't mean everything I do is smart, but I get a sick pleasure out of showcasing my rube goldburg solutions). I've lunched three sets of dizzy gears before identifying the extra grooves in the the upper timing sprocket as the problem. The CORRECT solution is to find a timing set with either zero or two oiling grooves in the upper sprocket (or weld up the extras). That's how many grooves stock timing sets came with and they worked for hundreds of thousands of miles. Aftermarket timing set manufacturers don't have to warranty your dizzy gears, so they let all the oil sling out on to the timing chain that they DO cover under warranty, even though it doesn't need it (in order for the oil in the timing cover to return to the pan, it has to go through the timing chain, so it gets all the oil it needs without a bunch of slingers).
Heads: The stock heads are just fine. What I do to stock heads is mill the rocker stud bosses down 0.200" to make room for guide plates, then use standard chevy shouldered studs and Comp Cams Magnum rockers. Going this route does require hardened pushrods, but anymore it's harder to find non-hardened pushrods, so if you're buying hardened pushrods, might as well take advantage of them.
Cam: You can totally reuse the cam and lifters if you keep them in order (no way to tell where they go once they're mixed up).
Intake: The stock ones work, but they are a far cry from good. Ede' is a good way to go.
Timing Chain: Again, the number or oil leaking grooves is way more important than the type of chain/sprocket interface.
Headers: They are garbage. Our heads have "dogleg" exhaust ports, and the runners in our manifolds are huge, much bigger cross section than you can get inside a bunch of crinkle mashed tubing, welded together by a foreign child or the cheapest possible labor in the US. The 70s manifolds are the better ones, but I'd rather run a log style from the 80s than some leaky rusted headers.
Carb and Dizzy: This is where I'll depart from 440, I like fuel injection. I was a carb guy and I liked them all except the Q-jet which I will swear is garbage until the day I die (It either runs rich or runs like garbage, there is no inbetween). Now that I've gone fuel injection I'll never go back. I start it, I latch my seatbelt, check for traffic and go. Doesn't matter if it's -12*F or 112*F, I just drive it. No carb can do that like fuel injection does.
Hope this helps and look forward to the build thread!