I would look into something a little bigger than the z06 cam. I too went round and round on cams, but I think a 72 Chevelle needs to idle like a muscle car. Listen to the ASA cam,
http://www.youtube.com/watch?v=uL1OhyPw9Sw you can run z06 valve springs, if you look around they are $70.00, cam might be $200.00, and tune the computer, That combo will be about the same flywheel as your old set up but have great drivability. Your heads are fine, They flow nice, but when its time to go faster, there are plenty of options.
I would stick with the lq9 over the LS1, iron vs aluminum / 6.0 vs 5.7 / LS1 fetch more money, your 383 is an iron block right? the LQ9 will weigh about the same, maybe less, it has a plastic intake.
sell the LS1, sell the 383, you could have very little $ in this swap.
Just my .02