What is the odometer reading? More than likely, if the reading is less an 100K miles, it has flipped over since an 87 El Camino is probably a high mileage vehicle. For verification, look at whether there are components which identify how much care it has had in it's 65 year-lifetime. My guess is the transmission is in need for an overhaul. The clunking are the result of clutches first slipping then engaging. As for putting in a shift kit, depending on your plans for this classic and budget, I'd first do some research finding a local, reputable auto transmission shop that only does trans rebuilding, The best place to get a lead on a shop is at your local cruise nights and asking the participants. Good luck and keep us updated on your progress/success in keeping your 87 on the road.
BTW, I also own an 87 El Camino. The motor has been yanked and all smog/computer controls removed.
BTW, I also own an 87 El Camino. The motor has been yanked and all smog/computer controls removed.