I do not believe you can run the 24x reluctor wheel from an LS motor on the lt1, you can however run a front mount 24x reluctor. EFI-connection manufacturers a kit to allow this.
I don't see any real advantage to running the p59 vs the p01, but I am not an expert. If you do get the p59 make sure you get one that has the IAC controller because not all of them have it. All p01 (0411) PCMs have it though.
I converted my gen 6 454 to coil near plug ignition because I hated the vortec distributor on my other truck that had the 5.7. It's a lot cheaper on the big block.
If you are looking for wiring diagrams LT1swap.com has a lot of useful information.
https://www.gmtruckcentral.com/ also has quite a bit of information that could help.