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Ryder, if you want to obtain full street registration you will need to use an AU Falcon engine. It is the only Australian 302 engine that meets the required ADR 37/01 emissions.
You can also use USA producton engines as well, best are from the early to mid-nineties Mustang HO.
I like your idea of buying a running car as you need to be aware of engines sitting for a long time, like those that have already been removed from vehicles. The AU Falcon engines seem to be very reliable, even when they are far north of 200,000 k's on them. Tickford hand built all the later AU XR8 engines.
Good luck in your search.
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