What is the cost of the two motors? (327ci and 350ci)
A 66 Impala with a 327ci is more desirable and valuable than the same car with a run of the mill crate 350ci.
Absolutely nothing wrong with a 283 either, there are a cheap motor to rebuild. A 283 ci with a glide is one of the best eng/tran combos ever made.
If its blowing white smoke you could get away with just rebuilding the top end..ie. removing heads etc while leaving the motor in the car. It could also be a head gasket.
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