Update
So over the past few weeks, the 45 has been getting a lot of good workouts, as far as I am concerned, we're still in the shakedown (or "sea trials" for all you navy guys) mode. Building a 45 from scratch involves a lot of parts and pieces, the complexity of the build makes it necessary to do a bit of testing and tweaking until everything is settled in and working as intended.
There have been a few adjustments to the chassis and suspension, nothing major.
A few wires have loosened up and required additional support/grommets etc...(so proud of the

, she was driving it earlier in the week, and noticed that the engine power dropped from what she was used to, and gave some feedback. Turns out the #6 spark plug wire had come loose. Got to have your eyes and ears open when driving one of these old beauties)
Big thing continues to be the rejection of heat from the 3FE. As stated earlier in the thread, the head was shaved down a bit in order to increase compression and therefore power. Kind of hard to anticipate how that would affect how much heat was generated by combustion, but now that we have a few miles on her, it is clear that it generates a lot more heat than a stock setup. The issue with this, is that the radiator can keep up with rejecting heat, as long as there is good airflow going through it (either going at 15+mph or 2500+rpm for the mechanical fan). The new fan clutch helped a lot, but as we all know, the F engines are built for low rpm torque, and the cruiser is built for low speed, so she still gets into trouble in situations where speed and rpm are low (driving off road). Current thinking is to eliminate one of the variables to airflow through the radiator, and that would be removing the tie to engine rpm and airflow. Best way to do this is with an electric fan, it only cares what the water temp is, once it reaches the limit, then the fan runs full speed, no matter what the engine rpms are. I know there are a lot of pros and cons to electric fans, the main challenge on this particular build is finding one with the appropriate flow rate (2,500+ cfm) that will still fit between the motor and radiator, as well as between the light buckets. Will keep you posted on how this is fixed.
I also put some exhaust wrap on the exhaust downstream of the headers. I wasn't expecting much, and it didn't help much. It did help a little, however, and every little bit helps. It also quieted things down a bit. Before things warm up enough for the fan to kick in, all I can hear now is the metal timing gear growling.
I am still very much enjoying the 45, and am absolutely amazed at how nice the build is, as well as how functional the ride she gives is. The shakedown is just that, and soon she'll have all of the gremlins worked out...