I would say a built engine would be better in the long run. No bottom worries and you can push it way past 450hp. There will be no restrictions but $$.
chevy runs deep, Don't step in chevy!
289 - Holley 4150 570cfm; Performer intake; mild cam; MSD HEI; 302 heads; Roller Tips; Hedman Tri-Y headers; H-pipe w/Flowmaster 40's; 9 in posi 3.50; 205/50-17F; 225/50-17R.