Random thoughts:
1. The learning curve for newbies is pretty steep. Some very well-built cars have towed a long way and didn't pass tech. A few years back, a beautiful hemi-powered Stude coupe came all the way from Quebec and had to sit out the meet.
2. As mentioned, I love the Bourke-designed Studebaker coupe/hardtop as much as any man can, but they're not really a good choice for anyone making a serious record try. They're beautiful, just push too much wind. The Monza, Gen3 F-body, Porsche 924/944, RX7, any number of more recent cars will be faster with the same horsepower.
3. Consider buying a roller or a ready-to-run car with a log book. That's the most cost-effective way to get seat time.
4. There's a team already ahead of you there. The Salt2Salt team runs a Stude coupe and builds engines aimed at soft records. Their latest effort was a 183" Studebaker V8. Greg reports they encountered a few problems and there’s still more to do to get this particular engine running at its top speed, even so, they were still able to set two records in their class; F/CGALT at 131.593. They hurt the engine, but still got another easy target, with Bob Waitz in F/CFALT at 113.998 mph.
5. Whichever way you decide to go, figure it's going to take a couple of years longer and cost 3X as much as your worst guess and then the meet will be rained out.
6. If you ever get to run, it will all be worth it.
jack viens