I want to make a racket implementation to learn about
the implementation details,
the software architecture ,
the components involved Language Oriented Programming Approach
design decisions / trade offs made with respect to other scheme implementations.
What is the best way to achieve this? Any help is greatly appreciated.
Help us narrow down the help that you are interested in. You say that you want to make a racket implementation. It sounds like that means that you want to develop your own implementation of the Racket language. That's a big project! Without knowing more about what your background is like, I would say you might want to start by writing a meta-circular interpreter for a subset of the Racket language, following e.g. Shriram Krishnamurthi's "Programming Languages: Application and Interpretation" textbook (free online), and maybe then moving on to Jeremy Siek's Compilers textbook.
I have finished SICP, Little Schemer series , EOPL, TAPL, ATAPL, Pragmatics of PLs and I also have strong background in Logic as well as Category theory.
But I want to see a good document detailing the racket compilation flow, how racket is built in terms of layers in order to support the idea of LOP approach. Honestly I don't want to go through such a big project but I really want to see the magic in action if possible with a help of a debugger. And learn what I should know in terms of what is required in essence to make such an approach feasible in terms of implementation.