Have you considered:
427 blocks/assemblies/crates are tough to find. 454 stuff is rather easy to find. If you're not going for NCRS-type judging, realize hardly no one can spot the difference between a 454 and 427. Other than the number stamps, they look nearly identical.
Quite unlikely you'd ever find car's original correct 427 block ... so either replacement 427 or 454 will not be correct.
You can acquire tri-power setup ... they're increasingly hard to find and expensive.
Most of the engine accessory brackets on a small block will not fit a big block.
GMPP sells new 454 & 502 blocks/assemblies/crates in many different combinations. Without looking, I'd estimate new GMPP crate 454 prices begin about $4500-$5000.
If you're stuck on that 427 as a "number" ... build or buy a small block stroked to 427. For about same money you'd have in trying to get a good running BBC 427 together ... you'd have a sbc 427 that'd run circles around the big block. Realize an all-iron big block weighs a lot more than an all-iron small block, roughly 200 pounds more.
JACK:gap