Thats a fair price for an LS/T56. They were cheaper and easier to come by a few years ago. Even though the engines themselves are getting older they are in higher demand now.
One thing I'll mention is if you really want to run it flex fuel and you want to use a GM ecm you'll want a newer engine with a 58x reluctor wheel. Then you can use an E38 ecm along with a fuel composition sensor.
Other options are to switch the reluctor wheel and cam gear in the LS1 to run a newer ecm, or use aftermarket engine management with flex fuel capability.
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69 Charger. 438ci Gen2 hemi. Flex fuel. Holley HP efi. 650rwhp @7250 510rwtq @5700. 95 F355. 96 Carrera 4S. 59 Cadillac series 62 convertible.
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