Some of the early Fox bodies had quad shocks. It was just to help with power delivery to the rear tires on launch. Since you don't have them, I'd suggest a good set of lower and upper control arms and good shocks and springs. You'll get good launches, hopefully no wheel hop and a safe solid rear end. I'd also match up the front suspension too with new components.
I just received my UPR upper and lower contols arms today.I have Eibach progressive rate lowering springs ordered.Car came with what appears to be some form of traction bars.Looks like they came from factory that way. I'm not sure what shocks and struts i want yet.
Be sure to check your back spacing! The staggered setup would give you the ability go put more tread to the ground for launch. If you could get your rear tires just inside the quarter panel lip without any issues and clear the inner rear wheel well too that would look great. Now for the front depends on the look you want. Could go flush also or tucked in just a little.
One thing to remember is flex when getting on the gas. My buddy almost wrecked his car when he thought about taking it out with roller tires we had on it. Got it nice and sideways then "boom........." Tires flexed and caught spring mounting plate.
Maybe the other fox guys could suggest or let you know what they are running.
I had a 17" x 10" wheel with a 285/40 on the back of my '81 Mustang. It fit fine, but I had to cut the wheel well 'lips' to prevent them from cutting into the tire when going over bumps in the road. The car had 'B' springs.