You definitely want VHF if you want to talk to other Raptors or participate in any group runs with EXO, TRR, etc. They all use Weatherman or BFG Pits for the most part. Most race radios are what you would want as they come pre-programmed with common channels. I hear great things about the Rugged M1 and PCI is kind of the go to brand.
I put mine under the glove box with the mic mounted to the Lowrance on the center tray. I like it a lot. It is not in the way at all and no passenger has ever had issues with it. I can see when it is on and I don't accidentally leave it on overnight.
I know this has been covered a few times, but I didn't want to hijack someone else's thread. I just bought a Yaesu FT-2900R and modded it so it can broadcast on all frequencies it receives on, per this thread (thanks BlueSTI). Now I need to figure out how I'm going to mount it. My first...
www.fordraptorforum.com
I wouldn't go in the center console unless you are getting headsets. I plan to replace my radio with a center console mount and headsets very soon, as in within a month. Headsets with intercom are the way to go.