Thanks guys for the shock input. It is going back in the same place and the only real think I'm worried about is the lower stud. I'm sure it will be fine though.
As far as the budget so far I'm in it less than $500. That includes the cost of the bike, getting it running and all parts purchased so far. The big plan is to get it completely rideable and functional and reliable, and then when I save up a little, strip it down and paint/powder coat everything. But it's going to look like a rat bike for a while first.
Next on the to do list is mount the battery, upper shock mount, and then start working on the seat/cowl. I have a pretty good idea I'm excited about for the handlebars instead of clip ons. I should be getting to that in a couple weeks or so.