I really appreciate the information TrueBlue… I’m going to have to jump into it possibly tomorrow if the weather isn’t too bad…
and yes it is an original factory black 500XL drop top… so start hating 
As far as the sentimental value… It wouldn’t be a huge deal to let it go… I’d definitely like to try and get it running just because it would be a sweet car to just cruise around in on nice weekends… but it’s always been in the back of my mind to sell it and buy/put the money towards something I’d rather want.
But as of right now I’m gonna see what I can do as far as getting the car to possibly start… I’m just afraid that the engine is a big block of rust from sitting around for 34 years untouched. But really the car has held up and shown barely any problems at all from what I’ve seen… It still holds oil fine (oil doesn’t look too bad either), the transmission fluid is surprisingly still looks near brand new… the car has really shocked me.
As far as a 427, I’d definitely like to go that route but I’d rather not invest that much into the car… also I’d kind of like to keep the car completely stock being that its a completely unmolested car at this point. I figure at most if I can get it running is some kind of exhaust on it and possibly a better carb. But nothing too extreme. Which I’m sure a 289 pulling that boat around is going to drag but there’s no sense in going fast in a 4000lbs+ tank… But I figure as long as it looks good (which it pretty much does either than some rust spots) and the motor/exhaust sounds good… that’s all I could ask for