Welcome aboard. You will find yourself checking this forum all the time - it becomes an addiction. Someone here always has an answer for your problems or can point you in the right direction.
It is interesting to see what other people are doing with their old squares, from lifts to drops to stock restorations to resto-mods. I have had old squares for the past 34 years and have always kept one around as a beater for hauling/towing etc.
I had a dump conversion done on my 83 454 C20 for a big landscape project and it still comes in handy, but that will be the extend of my mods.