Wiring? Considering it's a pulling truck I would think you could get rid of almost all of the wiring. Just the bare essentials for gauges, charging, and the starter.
Cut all the webbing out of the hood and pull the springs on their hinges, using a prop rod. This may make it retarded easy to tweak, like a Chevy hood, I've never seen it done. The front fenders are heavy too, but they hold up the hood so I'm not sure how much support you could trim off them.