Best advice - Take Hap up on his offer. You have to buy the parts anyway. If you don't know your way around an A-Series engine like the back of your hand, finding someone to coach/mentor is invaluable.
Simplest advice: Patience, cleanliness, attention to detail and the proper tools.
The reliability and performance you want is in a simple straight forward rebuild with a judicious selection of a couple of items. 50% of the time, I've found the cam has a bum lobe. So replace it/regrind it with a street performance cam. APT/Kent/Piper/ISKY/Delta and others have what you are looking for. Cam lift not over 0.305 and duration less than 270 will give you a nice idle and plenty of get up and go to 6,000 rpm. Use a new shaft. Make sure the cam is timed properly into the engine. Check your rocker ratio's. My experience shows every thing from 1.24 to 1.34 in the stamped varieties. Getting the valve lift within 5 thousandths is a low cost performance trick. At least 1 lifter is bad 90% of the time, so they have to be replaced. A little pocket porting and some manifold matching gets some more performance. The port shapes don't need to change drastically. Just take out the lumps and bumps. If the head is a later emissions head, the big boss around the exhaust port guide needs to come out. Same in the combustion chamber. Just unshroud the valves on the close side in about a 60 degree arc. Use the head gasket to mark where not to cut. Shaped bronze alloy guides, multi-angle seats, lead free inserts, and properly set valve springs go along with the porting. While the pistons are off the rods, replace rod bolts, resize and balance. Balance crank, flywheel and all rotating stuff. The smoother running engine will be a pleasure worth the expense. Surface the head and block as required for a target compression of 9 - 9.25. The cam will work fine with that. New oil pump. Pick the right pistons. AE21250 will work just fine. These are good to 6-6.5K rpm. Not on a regular basis, but for occassional spirited drives due to the oil drain slot design. I like +40. +30 is just too "odd" for me. The condition of the bores will dictate minimum bore. AE21253 are a more performance piston. But, they are +.020 in compression height and will bump the compression up. Clean everything, Hot tank if you can. Otherwise, use plenty of oven cleaner, degreaser and hot water and brushes. Don't forget Safety Glasses and nitril gloves and maybe a filter mask when using the oven cleaner. It doesn't breath well and turns skin to soap. Clean out all the oil passages with bristle brushes. Replace freeze/frost plugs. With this kind of a rebuild and the re-built SU's you'll quickly be wanting a better handling and stopping chassis.
$2K is probably a more accurate figure. But you can save $'s if you need something that is a good used stock item, like a single rocker, a head stud or a valve spring by getting it from a real A-Series addict like Hap, myself or others. Addicts have 5 gallon buckets of take off engine stuff saved just for that purpose. I know, I've been an addict since 1973!!!!
There are plenty of good basic rebuild books out there. I personally like reading Rich Vogelin stuff and Peterson published stuff. While not A-Series, they are good reading to get concepts and theory down.
Good luck and if you run into any quandaries, use this forum. Plenty of great A-Series minds and experiences available.
HTH,
Mike Miller