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Thanks for all the informative responses. It sounds like I've got some tough decisions to make. I should have clarified that I only get the engine, if I build a car to put it in. So the suggestions about selling the 427 and purchasing a small block wouldn't work in my particular situation...

I have the fortunate luck of having a father-in-law that will give me a 427 side-oiler, if I pay to complete the rebuild. Currently, it sits in a machine shop in pieces. All the parts are there, just requires labor time to complete. My father-in-law already has a 428 that he'll be installing in...