I am going to be putting in a 540 solid roller in my 1970 and have done a ton of research so far. Most of it has to do with the drivetrain, the motor is the easy part. The 502 is very similar to my engine, with a shorter stoke of 4.0", it will be a very nice engine in your corvette. If u run an auto trans, this will help the stock rearend parts live. Since my car is a manual already, I am keeping it this way, it will shock the rearend more. The biggest challenge is the transmission and rear-end parts selection. Right now I am leaning towards keeping it a 4 spd since this is a direct bolt in and will cut down on mods. My other option is the Richmond super street 5 spd, this will take a lot of mods to the crossmember. Rearend will have much stronger axles, spindles, and spider gears, but essentially remain in the stock configuration. Rearend gearing will probably be a 3.08. You will for sure need a big radiator, preferably aluminum and a high flow water pump. A built turbo 350 may be able to handle it, but a turbo 400 most guys will recommend with a big block.