Junkyard parts are fine unless they try to kill you. The gas pedal assembly we've been using in the CC/Rambler was scalped from an automatic-equipped '83 Concord wagon in a wrecking yard south of L.A.
A burnout is pretty easy to do, but it's a lot easier with a line-lock. A line-lock allows you to lock the front brakes independently of the rear brakes, so the car stays put while the tires smolder.