Cobra,
I've seen the Bunker brat on bikeexif.com -- cool except for the lousy grip of those Firestones. If it is a 1980 as described, they definitely had to cut the rear subframe, since the 80-82 frames curve immediately up after the triangle. Only the 79 has the same flat lines (for the rear frame rails) as the 550 frames. The good thing about your monoshock set up is that you don't have to worry about mounting new upper bolts for the old twin shocks. You can simply lop off the subframe at the end of the triangle and weld straight tubes backwards with a new cross-member.
I've seen a couple of bikes using a skateboard as a seat pan. The look is very cool, but keep in mind one practical concern. If you leave the wooden edge of the skateboard deck exposed (as with all of the ones I've seen) it becomes incredibly UNCOMFORTABLE on your inner thighs. With a bike made to corner with the suspension upgrades you have, you will probably move on the seat as you transition from turn to turn. The last thing you will want is a wooden edge chafing the inside of your thigh (and man parts) as you lean off or slide to the other side. This assumes you plan to take advantage of those upgrades and not just ride cruiser-style straight up. Otherwise, why bother with the USD fork and monoshock rear?
I suppose you could have the upholstery cover the edge of the skateboard deck, but that would take away from the whole look. From a practical standpoint, I would recommend the Bunker style seat (if you are set on a flat Brat seat) -- maybe with an upturn at the very rear.
Just my $0.02!