Mmmm... 400-block...
I've been looking at a 406 (though I've been very tempted to wait a few years, save up some more money, and do a 427 or 454).
Here's some of what I came up with for a budget 406:
Start with a 400-block and stock 350 rods (5.7"). Clean, test, machine, bore 0.030 over.
Add a Scat 9000-series cast crank (9-104000). $200
Add Keith Black 18cc pistons (KB147, ordered for 0.030 overbore). $260
Deck the block to put the pistons 0.005 or 0.010 in the hole. With 64cc heads and a 0.040" head gasket, that gives you 10.04:1 or 9.93:1 compression.
Heads are a little iffy. I was looking at Trickflow (under $850), but I've also been told to look at Dart Pro1 heads (a bit more expensive).
I think that roller-tip rockers should be used, at the very least. If you can get a good deal (eBay, swap meet, or somesuch) on full roller rockers, I'd go that route.
I think that the Edelbrock Performer Air-Gap or Performer RPM Air-Gap would both make good intakes. I think the regular Performer Air-Gap might fit under the stock hood, but the RPM Air-Gap would probably be happier with a taller hood, to allow a decent-sized air cleaner.
Cam choice is going to be based on your particular needs. I'd suggest choosing the rest, first, then talking to the cam anufacturer, and following their recommendations. Roller or regular - depends on how much you feel like spending.
The rest is pretty much just odds and ends. Oil pump, fuel pump, balancer & flexplate (both need to be designed for the 400 engine, not the 350, unless you want to shell out for an internally-balanced crank), valve covers, oil pan, bearings, gaskets, piston rings, pushrods, timing chain and cover, etc. etc. etc.
Joe