I take the opposite view.
A 366 "crate motor" would make a lousy choice for a performance engine in a Corvette.
First, the tall deck. Standard deck BBC's have enough trouble getting under the hoods of C3s. At tall deck reduces hood clearance by 1/4-1/2-inch. If you don't need the room for a long arm crank, it's not worth the trouble.
The stock pistons in a 366 and 427 truck engines are four ring pistons and pretty heavy. You'll have to convert to conventional three ring pistons and that means a lot of hassle at the balance shop. Plus, you'll need to hone the bores for the new rings.
366 and 427 truck engines are designed for low rpm high torque applications so you may want to take a close look at the heads on the engine. I don't know what those old truck engines used, but unless they are oval port passenger car heads or rectangular port passenger car heads, you'll be looking for a good cylinder head.
Few performance intake manifolds are available for those engines but spacer plates are available which allow you to put intake manifolds for standard deck height blocks on tall decks, but the spacers may need to be ported to match whatever head you use.
You may find that there are so many changes necessary to use that engine in a Corvette street high-performance applications, that you're not saving any money.