Ed
On the 7'3" - why don't you put the "extra" longer fin box on that, along with the futures boxes on the side. That will give you options to play around with the longboard fin on that board, or take it out while still having the 4.5s, or vice versa. What type of ride do you want on it?
As for shaping tools - yes you can do it all the rough shaping with the surform and sanding blocks. Might be long process - especially on a longboard but can be done. However, if the board is a fairly close tolerance shape to what you want, might not be too hard at all. You'll probably want to stay away from the belt sander. If you are going to be ripping away lots of foam, for your first power planer, check out one at Harbor Freight for pretty cheap. They do the trick - you can make long even cuts - just not as deep as the Hitachi or other surf-modified.
As for templates - Outline template for sure and I think your are on the right track with the stringer/rocker template...
For the rails, I'm not sure how you would lay out the lateral templates for rails? (as pictured above)
As you mentioned, you can just eyeball it. After you've made some cuts, put a 2ft straight edge or level across the board from rail to rail at various points to see if it is even.
Don't be afraid to start shaping - I'm sure with your patience and meticulousness things will turn out alright.
I'm sure some other folks will have some ideas and comments as well.
(Message edited by smedman on December 09, 2007)
(Message edited by smedman on December 09, 2007)