I agree with Vegas.
I love big blocks...I had a 454 for years and am about to get the car back on the road with it stroked to 489. But if I was starting with nothing, I'd go LS in a heartbeat.
You may be able to get the short block together cheap, but you'll put some money in the heads. New big block heads are pricey and while decent, older heads can be found (781s, 049s) they will usually need a decent amount of machine work to get them up to snuff.
It's amazing me to me how much power the Gen IIIs can easily make...and they're already to go with efi, a/c, etc.
Jason
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