Engine prospect, is this a decent price?
First, a little background. I have my Scrambler, which has been undergoing a buildup now for some time. It has F/R D44's from a Scout, locked with 4.10's, SM465/NP205, 8" lift, and had the stock GM151 engine. I sold my 33" Swampers and will be running 36's (probably, maybe 38's, but the cops let 36's slide). Well, I traded a guy a welded Scout D44 rear for a carb'd stock 305 out of a van, which is being transplanted. Due to previous jobs, I have not had a lot of time to complete it, moving away all the time, or working out of state during the week. I have since (last month or so) gotten a new job that will put me at home every afternoon and weekend, so I'll have plenty of time.
The guy I now work with moonlights rebuilding engine heads (large ones from a power plant backup generators) at a machine shop, and has a 350 he built up over the last few years. He was going to replace the 4.3 in his truck, but hasn't yet as the body work was just done and it's in storage for the winter. I guess it's quite the show truck, expensive paint, chrome, and all that.
Anyway, he built this 350, and has since decided to sell all his vehicles and get a 2003 Vette, as he's nearing his 40th birthday. He's serious about it, of that I have no doubt.
The engine is a 350 block, bored 0.060", and fitted with an array of "goodies", mostly acquired through Summit. I don't know a lot about engines, I'm not afraid to admit it, which is why I'm posting here. It has a TPI from an '85 Camaro (305 engine), Dart 194cc heads (with some sort of valves), roller rockers (priced at $350, they were gold in color), special injectors (like $400), some kind of special rings and pistons, high torque (but not torquer) cam, high capacity oil pump and water pump, shorty headers (maybe 2.5" dia), new crank, and a harmonic balancer on the front (like around $300). All in all it looks very well put together, and the parts are certainly new, it looks like a work of art all painted and shiny. I assume he knows what he is doing, he seems very knowledgeable about engines in general, and is a Chevy fanatic (but loves the 5.0 as well). He is asking $2,000 for the engine, and has the stock computer and complete wiring harness as well, also a HEI, but I don't know if it's stock or not as it wasn't on the engine. I think he also had the block and heads checked out, but to what extent I have no idea. I'd post a pic, but my digital is in the shop.
Based on the above, is this a decent deal? It sounds like it to me, as he has more than $2,000 into the engine just in parts, but like I mentioned, I do not know a ton about them. He said they have a program at the shop that will give theoretical output numbers based on parts/tolerances/whatever, and it should put out about 350 hp and 420 ft-lb of torque, and at a low rpm (maybe 3,200 - 3,500?) as he designed it for low rpm's.
Anything I should check out? I can possibly look a little closer, or even get a breakdown on parts and get back to someone who knows something about it. I'm not looking for a screamer for the Scrambler, but the TPI would be nice and a little extra torque would go a long way, it's also new. This is not something I could get right away, as I have to sell some jeep parts to fund this. Not a problem, but it'll be spring before I'll have the cash.