Merlins are good heads, but are overpriced, IMO. For that kind of money you can get better flowing aluminum heads from a couple of other manufacturers. I bet if you flowed Greg's 781's they would be close to if not better flowing than the Merlins, depending on the amount of work done to them.
Greg- have you considered a NV4500? You're going to have enough torque that you're not going to need 6 gears. It also weighs a lot less and is much smaller than the NV5600. I would not consider the ZF 6-speed. They are fragile poor shifting junk. The 4500 shifts like a dream, and won't suck up all of the power that a slushbox will. If you're going auto, I would look into a TH400/ GV unit. It's not going to run much more than a 4L80e, will not involve any electronics, and will allow you to split gears. It should also be bulletproof. The 80e is a good choice too, and if you're able to find everything in a yard, maybe the most affordable way to go. I would not run an 80e w/o going through it, however.