A burnout is pretty easy to do, but it's a lot easier with a line-lock. A line-lock allows you to lock the front brakes independently of the rear brakes, so the car stays put while the tires smolder.
Currie Enterprises offers parts to install reliable 1984-87 Lincoln-Continental Mark VII single-piston floating calipers on 9-inch Ford rearends. Sa no integral parking brake design is just the ticket ...