That is the decision I have almost made, but gearheadslife has come up with rebuilding the 292. Here's my thought on that is that rebuilding the 292 l3aves me with the open crankcase breaher/vent pipe. I don't know if I could install a PCV system on the 292 or knot, I think it would be simple. The Edsel is my crusing car and I am not trying to get 300 or 400 hp in it. I just want to drive it without a lot of smoke trailing behind me. The old 292 runs great,but when stlppod at a light somke comes from under the car so bad I could smog for bugs.
AS dar as the pontiac engines go I was going to usr the stock 326. The 513 CI has been bores 60 over, blanced, stroked, with special racing heads, balanced, and blueprinted. I not going to say how much I have in this engine. I think the HP is somewhere 400-550 hp. This engine is destin for th 62 waygon. I found where I can get a good used 390 FE for around $900.00 with a 3 yr warrenty on parts and labor which sounds pretty good to me.
Thanks to eveyone for their comments.