A friend of mine made a very good point about it costing another $10k to dress out the LS7 crate engine. Ignition system, wiring harness, ECU, accessory drive, & headers, not to mention the Corvette transmission and required mods to fit it in a 3rdgen.
If I swapped in the Motown 427 SBC, I'd use the Richmond 6-Speed and a Spohn/Moser 12-bolt like I'm planning on doing. That would be the best benefit of using the Motown 427 SBC, it would work with anything that would fit a 350 SBC 3rdgen.
So, this would be the list for a 427 SBC swap:
427 SBC Roller Cam, Aluminum Heads:
http://www.summitracing.com/parts/WRL-110210/
MSD Ignition Box:
http://www.summitracing.com/parts/MSD-6420/
K&N Open Element:
http://www.summitracing.com/parts/KNN-60-1280/
Flex-a-Lite Radiator:
http://www.summitracing.com/parts/FLX-56484/
Hooker Super Comp Headers:
http://www.summitracing.com/parts/HOK-2210-1HKR/
Pair of 3" Cats:
http://www.summitracing.com/parts/DTC-79-400300/
Pair of 3" Mufflers:
http://www.summitracing.com/parts/FLO-943045/
Set of Tips:
http://www.summitracing.com/parts/MPE-35172/
This would cost about $5k more than a built 334, but there is no way I can't consider it because it just brings so much to the table in terms of aftermarket support.