What I was told with the 327 and small journal crank is that it has less to travel which in part makes the engine able to run at higher rpm's (something like that, I have learned so much this last week). Also I am hoping this one has a steel crank which I heard is the way to go.
68TT I will do what you have recommended on getting the po to sign a right to return if this block does not pass inspection at the machine shop. I have talked to the older man that is selling this motor and he said that he pulled it because it had been missing from one cylinder and when he tore it apart all he found wrong with it was that one lobe on cam had gone flat. He is willing to answer any and all questions and everything is ready for us to inspect when we get there. He said all I will need is honing, std. rings and crank needs std. main & rod brngs.
I plan on getting something like this for the rebuild:
http://www.racingengineparts.com/sho...718&catid=1557
or this:
http://www.racingengineparts.com/sho...1477&catid=629
Is PAW a good rebuild kit for what I want?
And again thank you 68TT and the rest of you for all the knowledge passed down to me through this. It is really appreciated.