I have a T-56 and if I end up keeping the car, will put it in...I was planning on cutting my hump up close to the firewall, attaching (welding) and extension, per say and having some sort of removable fasteners (pem nuts/flush threaded inserts would be cool on the floorboard), so that I could remove the whole hump for easier clearance to the engine/trans upper bolts, etc.
Remember (with T-56) you will need an electronic speedo or adapter and iirc, you can modify a TH350 trans mount.
I ended up buying a Weir Hot Rod Products' bellhousing/throwout bearing kit to adapt to my SBC (think it works on most any chevy bh, incl BBC) and to use a cable and so on, so it eliminated some headaches...I got my T56 from an LT1 F-body, and I believe you can use one from an LS1, but it's different. I believe they are capable of easily handling 450-500 hp by itself, but not sure about your level...may look into upgrading the T56 (like what was used in a Viper, Z06, GTO, etc.).