Is this engine recoverable?

JGizmo said

Yep. I thought about the V8 swap, but I'm still in high school and definitely don't have the time or money for all the necessary modifications.

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Put some feelers out on the interwebs. Somebody out there has a running slant that they pulled for a V8. You may be able to get it dirt cheap to near free. Then its drop it in and go. Then if you want to do a V8 later on, you got a running driving car as you save up parts for a swap.

Rusty is right, the chevy guys got it easier, but transdapt and schumacher make slanty K frame to V8 mount swap kits making that K frame a non issue. The boneyards , as well as people all over the interwebs have small block transmissions for sale. Heck, find a running dodge van with the right engine and trans combo and pull it. Load the van full of scrap and get some money out of it when you scrap it.