ls1 or ls2
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Technology like most things keeps on moving on and its gotten to the point where unless you want something like a 383, and your ok with having a limited selection of head choices, you can go up to a LS2 based block and have it punched and stroked to a multitude of combonations. Most popular are 402/408.
My only reason I have not gotten heads for this 2002 346 (see LS1) is that cyl heads avalible will be eclipsed by some of the stuff offered for 4.00"+ bore heads. Then to try to sell them later is a PITA.
The actual cost of forging a motor boils down to machining work. The cost is virtually the same for the exact same part, just different sizes and dimentions. I would rather spend coin on something more then 383 CID.
This is in my own opinion of course.
As for the question for the OP, your goals are lofty but obtainable. What you should have is a Automatic (TH400 me thinks), a lower then average race weight that also includes ALL required safety features that NHRA says that you need.
The point is that if you going to forge a motor, consider the foundation and what the intended use. I bet if your motor is fine, and sellable (sell as a LONG BLOCK), the cost diff will be neglible=, even with the LS2 conversion kit.
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