I did this with my Chevette, hence the new bulkhead. Propshaft was 18" long when finished. The problem with fitting a V8 longitudinally is its length and ensuring enough room left for the radiator and cooling. However it is not uncommon for a boot mounted one with decent fans and air flow. If I had a big enough garage I would be looking into doing such a conversion. It is just finding the right engine and gearbox to make it worthwhile.
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Some useful links:
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