First off... ask yourself these painfully true questions:
1) How much am I really able to spend on this engine? This engiine is in pieces for a reason and an attractive "buy in" price will be long forgotten when (and you will) spend some REAL money making a usable piece. Plus, when the day is done, the largest engine you'll have is a 408" BBC (assuming an overbore of .060). Another alternative is finding a rebuildable 454 (those are drying up rapidly, too), and being in the same boat. Stroker cranks are an option, yes, but you cannot simply "drop one in" to any engine without work, and it IS work.
2) How much am I able to spend on the necessary completion items? You're looking at new exhaust manifolds (or headers), all necessary brackets and new front coil springs (at the minimum). Depending on the route you take, this can add $1000 - $3000 to your budget, depending on how you shop and what you buy.
3) Am I able to do the necessary work myself, or do I have to pay somebody to do it? Do you have the necessary mechanical expertise to build and install an engine, plus the necessary "loose ends" to be taken car of, or do you have somebody who does? I'm not referring to Uncle Bob who once rebuilt a lawnmower "back in '79", or "who used to be a mechanic" type. Your only other alternative is finding a competent, reputable mechanic/technician to do the work, and that can cost big money (think hourly time at $50 - $100 per hour).
If you're looking for more performance than what you have now, a more realistic choice is most likely a good healthy small-block "Crate" engine. Your accessories will swap over, and work will be minimal in comparison to a big-block conversion. If you're in need of more HP after that, consider nitrous oxide injection.
"Willing vs Able"
You'll note that I say "able" rather than "willing" here.... we're all willing to spend whatever's necessary on our pride and joy vehicles (be they Corvettes, Chevelles, Harleys, etc.), but being willing and being able are two VERY different things! The "Project Rule of Thumb" applies to all - Figure your budget, then add 125% and you're in the ballpark. Good luck to you whatever you decide...