ls1 427???
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You will to have resleeve the ls1 block. You could do a 383 though. For a daily driver I would concider the 383. You can easily attain 500rwhp and still get good longevity out of the build.
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I found a company on ebay that build them and can be purchased as a shortblock for like $3800 i dont recall the name of the shop. But i just went with a Thompson motorsports 370CI that was VERY affordable!
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Resleeving your LS1 is definately not cheap! Stroking it to a 383 would be cheaper, but maybe going with a 6.0 iron block would be better all around. You'd gain cu. in. alot cheaper and could go bigger in the future! Just a thought!!