need ideas- 350lt1 build
All that said budget is wildly unrealistic. Most of us have that much in or tranny and converter.
Your ideas about boring the engine and doing a 383 are completely missguided. A cast crank 383 is weak, the Eagle cast cranks are a lot weaker than stock cranks and displacement does not add the power you assume it does. Power is in heads and cam, and extra displacement can help utilize more head and cam BUT the payoff is much smaller. $2500 in stroker rotating assembly and machining will gain you 20-30hp where $2500 in heads and cam can gain you 100hp.
Don't get offended, when I was a kid I had similar plans, I wanted to build a 383 to use with stock stall and gears and wasn't going to port heads or anything. Luckily I never dropped the money and I learned a lot before going into the engine much.
If you want to keep it carbed just get a late 80s early 90s roller cam block 350 maybe throw some Vortec heads and a ZZ4 cam in it and have cheap reliable but docile fun. If you want to do injection then go right to the LS truck engines, the car engines command an unreasonable premium. Maybe slap a cam in not need to bore or stroke or anything.
Your budget is a problem though.
I went with an lt1 in the 69 for several reasons. 1 the lsx blocks have different bolt patterns then the muncie 4speed I have for the car.I could have used a 6speed but then the shifter doesn't line up with the stock location and creates another host of problems. I am going to guess the engine mounts are different as well. Also I can use any exhaust manifold/header designed for a 69 corvette. there are a couple of other small reasons as well.
I agree though go with a 5.3/6.0 or earlier SBC. just make sure you do your homework before you do anything.
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