My first project truck, 93 gmc 1500 extended cab stepside 4x4 w/ 72' 454

[br0258928]

This is my first project truck and needs some TLC. I've never tore down and rebuilt just basic up keep so looking at this as a learning experience. My goal is 500hp (off pump gas), mild lift(3-4") and just making it run like it should. Here is what I know about the truck, motor and tranny(th350) need rebuilt. Has a edelbrock 1400 carb(I think). Rear end no idea what it has but looking at it in the morning to find out. AC was cut out by previous owner and a single wire alternator was put in. I'm guessing the old motor that was in the truck was fuel injected because I have cut wires that go to nothing but truck starts and runs. Now it's going to be used for truck stuff out in the woods putting in food plots hualing fire wood and taking a boat out to the lake every so often, an ugly farm truck that will smoke the tires is what I'm wanting and to make that old 454 live again. So what is a solid path for the horse power and use I plan on for the truck?