I totally understand both sides of this. The fun of building a machine and being able to say yeah, i built that! but for larger scape you will need to do a lot of maths to work out pivot points, lifting power, counter balance so you don't tip the machine while trying to lift trucks. It would be a great project if you had unlimited funds, never expect to get your money back though. They hydraulics will really run you, the earlier estimate of 5k i believe would be even more than that. There are so many small things, axles, chains, sprockets, bearings, sub shaft for the drive motor, you can't pul all that load on the motor shaft.
If you were going to spend that much time building, why not re-build say an 853 or 863? They are beasts of machines, pretty simple in design but built really tough. I have fully re-built a 743, it didn't take that long. About 4 weeks from pulling it down to having it back together and running like new. You would be surprised at how simple they are to strip, clean, paint and re-assemble while repairing needed parts along the way.
No matter what way you go, i'm sure i speak for most of us here, i want to see pictures!

There is another forum dedicated to builds like this, send me an e-mail and i'll give you a link taz38sup at yahoo.com.au at = @, naturally.