Engine work so far:
I began driving to Dallas from Houston for a gen 1 4 bolt engine which claimed to be rebuilt, cost - 800$. This was the first engine for me, and like a dummy I didn't take off the oil pan to check around. After getting the thing home, I checked it out and found the crank wouldn't turn, there was no valvetrain besides old assembled heads (which looked good). The most distressing thing was the engine was a 2-bolt, which I figured I could work with a block, but a 2 bolt wasn't what I wanted. I took everything out after looking at a few bearings which were new but scratched up. One of the main bolts was even missing.
It seemed someone threw some new bearings on and called it rebuilt. Oh well, lesson learned.
I took it to a machine shop and lucked out - these guys are the best, if you are in the north Houston area, will recommend them to you. I had them magnflux and mike the old block, which they said was salvageable but explained the cost of work that needed to be done.
They gave me a 2-bolt gen.1 block in better condition for FREE. Although I did pay around 400$ for the machine work.
Block work:
gen 1 chevy 350, 2 bolt main
boiled, magnafluxed, line honed
clearance for 383 crank, bored .30 over, honed with 300/350 grit
brass plugs, (ARP main studs and windage tray in future)
painted Olds gold - they didn't have the color so I painted it myself
They did such a good job on the block, I brought it back to them for the bottom end assembly. I am currently waiting on prices and will choose the best 4340 kit for the money. The reason for the kit is, in theory, there won't be any clearance issues as if I had bought the pieces separately.
More to come later on the interior...
Here is the look I am aiming for:
http://www.fe3xolds.com/DOWNLOADS/dvII.jpg