I cleaned up the 302 I have - honed the cylinders, polished he crank, replaced the rings and bearings. Should be okay for a little while. I calculated about 9.6:1 compression. I am running 1.7 rockers so I will have about .529 lift. I should be in the neighborhood of 325-340 HP when everything is said and done. Not a supercar but not too shabby either. Besdies, this car is going to be more for handleing than quarter mile anyway.
I like the idea of a 351 and may end up going in that direction. I also have another 302 short block that I might use for a stroker. More of a money thing at this point. I have 3 other project cars I am working on. And I didn't have an engine build planned for this one. As I mentioned, I have way too much into this car as it is. I still need to paint it when it gets warmer.
As for the comment you quoted, a friend of mine has one that he just wants to get rid of - for free. It is a complete long block. He has 6 engines for 2 cars including a 450hp-ish 347 & 2 coyotes (one is a boss engine too). He is tired of looking at it and just wants to make some room in his garage. 82Hatch has first dibs on it. Although he was supposed to pick it up a couple weeks ago. If he waits too long someone might swoop in and grab it! LOL