Don't dispair. You now have the opportunity to get a nice chassis. I agree with having front suspension. It will make your lights consistent. A simple torsion bar has been used sucessfully for years and will be fine. Look on ebay for the parts you will need after studying speed catalogs such as Mark Williams, ART, Chassis Engineering. FEDs can be built relatively cheaply and updated with trick little parts as you go. Good luck, we're rooting for you.