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I have no idea what a Pace Car is worth, but here is one running over on Ebay right now:
http://cgi.ebay.com/ebaymotors/ws/eB...tem=4544080841
Hopefully this will give you an idea of what the upper range is for a 69 PCar
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Actually that is my car on ebay right now. It took approximately $98,000 to get to that point and it was a nice car to begin with! I restored it as a keeper, only NOS and original parts, no repro stuff, but I have another project I am doing now and dont like to see the car just sit. So that's why I'm selling her.
You can buy a restorable Z11 from $30K to $40K. But as for what you put in to it, the sky (and your bank account) is the limit. Remember it costs about the same to restore a COPO to that level as it does a six cylinder Camaro coupe. The majority of the parts are the same.
You're right, it's rare to find one with its original engine and yes, a stick car with air is even more rare.
Good luck on the car
-NJSteve