COME reckon a stroked 308 (350ci) with EFI heads will outperform a 350 Chev with any factory head. But aftermarket SBC heads are cheap as chips, so in either case I wouldn't be bothered changing to a SBC for that reason. A stroked 308 with red/blue/black heads is still a good thing for a street motor, lots of torque.
Chev would be cheaper than stroking a 308, but you already have all the gear for a 308 (radiator, mounts, exhaust, wiring etc) and if it is all good/big enough then it might be line ball cost wise. Starting from scratch though you'd go the SBC every time, and probably build it as a 377 rather than as a 350 as it is all cheap.
4L60 out of a VN-VP would be a good choice for a 300-350hp 350ci engine, you just need to buy a B&M device to control the torque converter. Either TH350 or TH400 will be fine too. If you are going to 3.75" stroke (377) then you'd want a beefed up 4L60 or TH350, a TH400 will handle that OK. Trick with any of them is know what diff ratio and tyres you will run and have the motor spec sorted before you buy the converter.
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