What you're suggesting, Capt, is sorta what I'm considering, along with a rear driveshaft loop (Tom Burkland suggested that it be mounted to the rear end or control arms, since I run a 4-link) and a heavier/off-road type pinion yoke. I think that the rear end I'm using might be ok since it has the pillow block supports on the cover. As least it otta be stronger than a stock one.
Anyway, people have suggested that an aluminum driveshaft might be in order. Looking at things, it seems that an F-body (Camaro/Firebird) uses a 41 3/4" shaft. The G-body shaft (except for El Caminos like Bill Ward broke) is 52 1/2." Further research is needed.
I'm not sure what to do about the transmission, tho...but I know a good tranny guy (no, not that kind of tranny)...years ago he told me that he'd built transmissions for the Nish cars...maybe if he'd built the motors, too.....well, I ain't sayin, I'm just...sayin.