Perfect that’s what I was looking for. I’m looking to find a junkyard LQ9/4L80e. Have it machined, bored, bigger cam, clean the heads up, build them , new bottom end, and slap a turbo on it. We have a pretty famous LS tuner I’ll most likely have him do the tuning. I will Be gathering parts over the next year and most likely be installing winter 2018 . I’ll most likely keep the stock converter and see how it runs I can always throw one in and have a tune. It will be street driven about 100-200 miles a year. I built my 355 4 years ago (200 miles).On your budget just about anything is possible in the 700-900whp range. The best bet is a turbo'd 6.0/4L80E combo. Swap a cam and valve springs, open the ring gaps and maybe, repeat maybe, drop the coin on a new TC. The TC depends solely on the application. Drag race ALOT? Yes, get a converter. 90+% street driven - use the stocker.
MS or stock PCM? Good question that is answered in your answers. Do you want to tune it yourself? Are going to be trying to get all you can from the tune and do you have the ability to tune? Or are you going to take it to someone and tell them 'make it run good'?
If you want to tune it yourself, then go MS. If you want to take it to someone, then use the GM system (HP Tuners takes alot of knowledge and experience to move quickly through it). Also, the MS tuning software is free - HP Tuners is not ($750 IIRC). The cost of the software is one of the reasons why tuners charge. Also, there are no where near as many experienced MS tuners as there are GM (HP Tuners) around.
With your budget you can do whatever floats your boat.