Re: engine trade vote.
I'd go through the stack of parts and get as many details as you can. Ask what the overbore is, what the crank journals are turned to, ect, ect. Find out what machine work was done on it, and what parts he has. I agree it can add up quick if you need to get parts to put it back together. If all is well then I say you are getting a good deal, you can't tell if its a 327 or 350 by looks anyway so you can call it a 327 if you want when people ask whats under your hood.
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68 3/4 ton  (Project)-350 Small Block, .030 over, 10:1 comp, 3998993 heads, C3BX edelbrock intake, comp cams XE268, Holley 670 SA, long tube headers, dual flow 40's, E-fan, Alum rad, currently under the knife getting shortened and bagged build thread
41 3/4 ton  (wife's)-flatbed, fully restored to original
01 Tahoe LT 4WD (my daily driver)-Magnaflow Muffler, Rollin on 22's
02 Ford Mustang Convertable (Wife's Car)-Flowmaster 50, Clear corners, Intake, sittin on 18's
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