If I were planning a budget build and still expecting a 11.00 time slip here is what I'd do:
No Caps. No Girdle. Stock turbo Crank. If you can tune the car with No Detonation you will be fine at this power level.
Keep the stock pistons if possible. The stock pistons are STRONG!!!! They are a bit heavy, but they will take a BEATING and come back for more. (Right Bison?) Hone the bores a couple thousandths oversize and coat the pistons to make up the difference.
Total Seal File fit rings. Control your ring end gaps.
Stock rods, carefully resized to the minimum bore dimension......save 100$ and skip the ARP bolts........NOT Needed!!!!
Flat tappet cam, good springs and lifters of your choice
Keep the rod and Main clearances TIGHT!!!!
.0016-.0018 on the rods
.0017-.0020 on the mains
Use a stock style timing chain, They last fairly well and they are not too expensive
Rework the stock front cover. Get a copy of the Buick Motorsports book. They describe the mods needed. Or check out Earl's write-up. Proven mods that flat work.
Don't waste a lot of time porting stock heads and buying expensive Manley valves. "Pocket Port" the bowls under the valves. That is where the most gain can be found.......ask any good head porter who checks his work on a flow bench.
Balance the rotating assembly. You free up horsepower when you balance an engine. You would be surprised how much imbalance exists in a factory rotating assembly.