Hi Bill! Welcome to CHR! What a great story of tracking down the car you helped your dad build so many years ago! Sounds like you are open to making changes and updates to the car, which is cool.
Perhaps, it's the camera angle on the side shot, but to me the front wheel definitely does NOT look centered in the wheel well. It appears to sit rearward quite a bit. The car also sits quite high and 14" wheels are certainly not the norm anymore.
It would probably be helpful to google search '40 Chevys and see how others have built their cars recently. That might help you sort out the direction you want to go with it.
Anyway, glad you're here and I look forward to more of your plans and following your progress!

Here's a link to some pics:https://www.google.com/search?newwin...00.LKv54EtG1is