4400 car based around the Maverick R drivetrain:
Pretty much a smaller version of the fun havers cars
only keep the Mav R engine/trans/diff assembly and throw the rest away
turn the powerplant around and use the rear diff as the front and the front output becomes a rear output with a driveshaft that goes between the seats (this would let you do front digs by putting the tcase in "2WD")
IFS with 2 gear portals upfront & live axle rear
I would stick with single shocks and work with fox on a custom livevalve deal to make it work. Bypasses are heavy and I'm not sure they're needed.
37" tires
Pretty much a 7/8th version of this :
More inspiration here:
Two of the Most Ambitious Ford Broncos to Tackle Ultra4 Racing
www.drivingline.com