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I've heard of people sticking 460's in Foxes, so a 429 you should be able to do. The 8.8 will take it depending on power levels. You'll prolly want better front suspension though, stiffer springs to support the weight so the front isn't mushy, and it will make the car handle differently, it'll have more understeer
I've read somewhere that you could put a 500 into a fox body. As for tranny, you could use the same as they used with the 429, but you may have to do some custom fabrication.