Shaune, I think you're doing the right thing, I have a 68 Mustang, 347 stroked, forged, big cam, balanced and vortech V3 supercharger (soon to fit bigger impellor) , I have just recently fitted Unisteer hydraulic power steering with standard steering, but with good springs and shocks and 8" wheels with a bit more camber, but the best thing I've done is fitting Helix brand four link coilover rear suspension, it's bolt on to the chassis and weld on to the axle housing, and you can fit up to 9 1/2" wheels, I've found it with the power steering changed the ride incredibly, and I've got it set with really low stance, I've found it great!
Cheers Phil.