I just picked up an aluminum 5.3L ($200)... I'm going to toss bearings in it, toss a cam and some nice heads... get it ready to toss in the boat.
That's a pretty good score for $200. Most of the LSs Ive seen are $1200-1800 depending. I havent really actively been searching that hard though.
On a side note, I have been actively looking up 24x conversions. The Torqhead kit is for 1994 and newer (I have a 1993). I emailed them to see what the difference is and if there is any way to use it on the 1993.
I was really considering the EFI Connection 24x system (cheaper than the Torquehead kit but its a little more work to piece together). The EFI 24x setup breaks down to this:
24x Cam/crank sensor kit $450
LS PCM plus tune $200 from a different company, that is surprisingly less than I thought itd be
LS Coils $35 each (new) or about $80 for a junkyard set, Im sure I could find them even cheaper
LS Coil bracket adapter for LT1 valve covers with coils is $575 (way too expensive, Id probably make my own bracket)
Coil wire set $50 (estimate)
Conversion harness- Unsure, I might be able to repin my LT1 harness to the LS1 connectors and retrofit to skip an adapter harness, if an adapter harness is even available. Standalone LS harness is $650 (if most likely make my own conversion harness)
1996 timing cover w/CKP Sensor provision (super rare and expensive) EFI 24x has a new cover for $385
They also call for a single row timing chain, Im not sure if that means I can keep stock or have to swap that too.
So roughly, the cheapest 24x kit would be $1350 plus whatever incidentals I run into. Ill round up and say $1600 without a wiring harness.