well said Ralph. This could go a bunch of different directions. For me, I went to a well known builder who was local and a family friend. He chose the parts based on his professional experience. He has specifically asked me not to post his recipe on the internet, so i'll keep that secret out of respect for him.
I will tell you that we went with a scat forged crank and eagle H beam connecting rods. I spent more than I wanted to on those items but from what I've learned it's a good idea to have strong bottom end parts, that way you can always make changes to the top end that you know the bottom end can handle.
Again, this is just my opinion. My motor is 521" that will spin 5500, HP is unknown as the motor has not seen a dyno.
I hope this helps.