5.3l with 4.8l pistons
the compression depth of the 4.8 piston is 1.498 and the compression depth of the 5.3 piston is 1.328 ish.
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to address your balancing issue, i would have it balanced. but keep in mind stock engines are no where near 0 balance...i would still have it done just for peace of mind.
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just teasing my buddy 