Keeping it simple???
Yeah right, that went out the window 1200Hp ago.
I'd go with the widest and tallest tire you can fit under that thing, somewhere in the range of a 32 x 16 slick in DOT trim.
Wheelie bars? no, chute , no, like hammertime said, they look cool but are not functional in a street car and that's definetly not keeping it simple.
coil overs> yes, ladder link> yes, antiroll >yes fireprevention system, most definetly YES aluminum tubs>yes 3.90 gears ought to do it and lower it till it drags the ground.
Rock on dude> How bout shooting us some pics of the simple life.
Cp