In a daily driver, combine 7:1 with a 6-8psi pump and you have a decent engine regardless of brand. Downside for the 241 is that you will be making your intake manifold and related drive parts...but then that also means you can use any pump that physically fits on top and doesn't look goofy 'cause it is too big... .
Here's a Jack Wagner 471 manifold and drive setup. There is a diff. in truck & p***. water pump/fan heights. May also have to redo the oil pan & pick up tube for clearance depending on application. Hurst style front mount. Maybe Jeff N. will chime in on his set up? Here's a DIY artical on how to set up a T5 trans to a Baby Hemi using mosty stock parts. http://www.jalopyjournal.com/forum/showthread.php?t=390885&showall=1