Hi David, that isn't correct as far as I can tell. The bore and stroke on this motor is 4.125" x 3.40". V = pi * r^2 * h = 45.5" * 8 = 363 cu in.
The 342/347 SB strokers have a 3.40" stroke, the same as this engine. In fact, the description indicates that this motor is simply a Z347 replacement, sharing the same stroke as the 347 but getting the additional cubic inches over a 347 from the bore increase.