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While the LS engine would be new technology and cool, the parts to get it into the Chevelle and running will cost you more than finishing the BBC, probably a couple grand more. You have to modify the crossmember, special LS oil pan, mix and match the accessory drive(a combo of truck and Camaro pieces),and then you need the ignition controller/intake combo from MSD(assuming you are not going to try to keep the factory injection, a lot more work and $$$ if you want to keep that). It won't be as easy as the BBC, that is for sure.
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