Should i own a classic muscle and turn it into a daily driver car?

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If you can't keep up with the maintenance on GM's version of the Toyota Corolla, you have no business owning a classic muscle car. Classic cars are a lot more maintenance intensive, are unreliable by today's standards, guzzle fuel, and performance wise have been surpassed by modern cars. This is why no one uses them as daily drivers.  

you'll find that most so called 60's muscle wont beat most new cars off the lights if its in a stock enough form for you to drive it every day. how will it go against an ls3?

What about a chevy SS they take a having the gutts thrashed out of them often?

They look cool on TV don't they

In the real world they cost too much to maintain so they are not good daily drivers

Also you can't really count on them increasing in value or if they do only a fraction of what it costs to maintain

No, not for a daily because you will always be worried about something bad happening to it, and the miles you put on it will decrease it's value. The insurance cost will be high, and the operating costs will be high. Drive a generic late model car that gets great gas milage, is cheap to insure, and that won't break your heart if it gets in an accident. Only buy a classic when you can afford a second car and you can keep it garaged or under cover. Until then, stuff your hormone-driven ego back into your pants and make the logical adult decision. 

"Speed" is mostly useless on the road.  Just about any motor vehicle can do freeway speeds, any more is just for bragging about your speed tickets.  On the road, most people are slow -- you can out run most people with a slow vehicle.

Which leave "good looking."  No such thing.  Beauty is in the eye of the beholder.

If you want a classic daily drive, you need two -- one to run and one to fix.

Classic muscle cars are not good daily drivers. They handle poorly, get horrible gas mileage and have crappy brakes. You have already neglected a 19 year old Chevy, how do you expect to take care of a 50 year old classic muscle car?

Can you tear down a carb and assemble it back?  Can you troubleshoot a carbed engine that cranks but does not start?  Can you replace the valve body of a transmission?  Can you read a car's wiring diagram?  Do you have money to pay $80 an hour mechanics?  Yes to all questions, go ahead.