Budget? Fox LS
Budget about $6k-$7k if you already have the car and need to buy the stock LSx/T56 fbody drivetrain.
If you want alot of aftermarket stuff, just start adding:
swap headers / custom exhaust: $1200
five lug with four wheel disks: $600-$800
8.8" with gears upgrade if car was a 2.3L originally: $400-$500
aftermarket gauges: $500
uber overkill fuel system: $600-$800
etc
With an auto you would save yourself about $1000, maybe more.
My prices assume you do the typical buy and bolt together type project. If you are willing to fabricate your own mounts for engine and trans and keep the OEM k-member, you can save a bunch up front.
When I did the analysis and bought all my stuff, I found a complete fbody dropout on an LS1 was cheaper and easier than a 5.3 and piecing parts together here and there.
I like to say... CHEAP, FAST, RELIABLE.....PICK TWO....
The T-5 swap can be done but you have to mix-match parts on the clutch and get a quicktime 6037(I believe) bellhousing to bolt the trans to the back of an LS. You would have to spend probably close to $1000 to make it work if I had to guess.
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