Some thoughts from one of the old geezers. A '54 with a V8, lowered, and with a retro look is a great project. However, it sounds like you've just saved enough to buy the car. A top chop on any car is a major project, and if you're thinking about doing it yourself, think very carefully. It takes major, major bodyworking experience. If you don't have it, a shoebox chop top is not the way to learn.