Let's look at a couple of things that might make this somewhat impractical.
First of all the drivetrain. Even with 500 HP to the wheels in a Vette your going to tear up the rear and half shafts. 1000HP to the wheels, which puts you in the 8 flat 1/4 area at over 160 by the way, will destroy all things connected from the frame to the ground.
Second, just setting a body on the frame of a Vette will flex it considerably, having done and doing restos on these. A 12 point would be manditory for track purposes and manditory just to keep the car from twisting and breaking in two.
Third, I don't think 1000 HP to the wheels in the same breath as ZZ block nor Fast Burn heads. I think Dart block and heads that will flow 330+ on the intake and 250-260+ on the exhaust. With very thick deck and o ringed.
With a project like this you'll be crappin $1000 bills. I'd suggest setting aside around 30 to 35 of them to build the car correctly.