I completely disagree with your #1 rule. The one and only rule of a street car is can you keep the engine cool in street driving conditions, ie stop and go traffic on a 90* day. Anything else is free game.
That being said, to conform to what you said, give me a fox chassis with a stock suspended 9", a twin turbo hemi on alcohol, a powerglide, and an AMS2000, and you've got an unbeatable street car.
YouTube no prep drag races. Plenty of people with a well sorted suspension leaning on the boost controller running 7s