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And here's the NEW...
UPDATE--6/02: The 307 is no more. The Summit cam went flat very quickly, which put a ton of metal throughout the motor. So Craig pulled it and tore it down. The crank was lightly scratch and the bearings were wiped out. So the block and crank were taken to the machine shop for cleaning and polishing. But the shop found a crack in the block, so it got retired from duty.
While the cam was going flat, the Powerglide in the convertible also started slipping. What a terrible run of luck. Now it needs a motor and a tranny!
UPDATE--9/02: Craig bought a running and driving '76 Monte Carlo for $350. It had a solid running 350 and a good feeling TH350 tranny. The motor and tranny were pulled and then the Monte was sold for $200. $150 ain't bad for a running 350 and a good tranny!
So the 350 was built up using the same parts that were on the 307. It should be quite a bit stronger than the first V8 setup and the lower 1st gear of the TH350 will help get the car moving much easier.
After driving the new setup with the 350/TH350 combo, I must say that its a pretty stout little ride. The stock converter is a mismatch with the medium sized cam, but low ETs isn't the focus of this Nova so I can live with it. I do plan on taking it to the track a time or two in the fall of '02 just to see what it'll do. I think it can turn solid 14s.
Here are some shots of the 350 installed:


Feel free to e-mail Craig (or Angella) if you have any questions, comments, or suggestions.