rebuilding a 350 that has 305 heads
I have a 72 chevelle that I've owned for about a year. It has a 350 block (#14016379) with 305 heads (#14014416) in it. It also came with an Edelbrock Performer intake, Edelbrock Q-Jet (1901) carb, and a Mallory Unilite electronic ignition system. I don't know anything else about the internals of the engine. It runs fine but burns oil and smokes when I start it up or gun it. I am not really satisfied with the power that it makes either. I have a buddy that is going to help me pull the engine and rebuild it. I am trying to decide what I want to do with it. Should I keep the same set up, get better heads and cam, or should I get it machined for a 383 stroker kit? I want to drive it daily on pump gas and still make close to 400 hp if possible. Oh yeah, I want to stay under $2000 for the budget too. :)