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The '59 Edsel had such a beefy undercarriage that it will handle almost any engine you can fit under the hood. But parts to re-build the suspension will be pretty scarce.
IMHO, diesels ar good if you have the power on, or at idle. For cruising, they're kinda rough & tumble, if you know what I mean.
I'd think about a Ford/Merc 390, as they are common as dirt & unbreakable.
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