Blazin72 said:
Some early 283s were able to be bored .125 over, but that was before the days of the lighter, thinner walled castings. You're not going to find a 305 you can do that to.
Doc here,

imp:
I had a 56 Vette, 283 punched to 301..That thing would overheat if it was packed in Eskimo pies in Nome Alaska at midnight in the middle of winter..
You really had to know how to drive it..and know when to park it.. :sweat:
If you go too thin on the walls, it will over heat..or worse. A 305 as everyone has said, is not possible to go that far out.
Take a battery, and some jumper cables, and a compression tester, Vacuum gauge, 2 gallons of fuel and FUEL hose, some basic hand tools, and search the bone yards for (preferably ) a runner 350..
Pull the plugs, hook up your battery, do a compression test..should be around 125 psi, + /- 10 %, is good..
If it looks like it will run, cut the line to the fuel pump from the tank and install your hose to your fuel can..
replace the plugs,
check the oil, note the condition and level of the oil, Clean, Dirty black, or material in the oil, (including water) this will give you an indication of how it was treated in it's prior life..(look down the oil fillers too, should not be cruddy..)
Fill or check the radiator, check that for oil (oily coated water) and any leaks..If all that looks good , give it a fire..If it starts and runs..does not knock, or clatter, let it warm up..
look for blue or gray smoke out the pipes..or white steam out the pipes..If none (after a reasonable warm up) Check the temp gauge..is it "Normal" and holding it's own? If so ..that is a good sign.
Check your manifold vacuum for 17 to 21 In Hg at the manifold AND no rapid flucctions..If good it is a sign the valves are still good, and not burned.
If it passes those checks..pull it and take it home..
If you have a Pick-ur-part or a pick and pull near you, it is a good place to go..around here they advertise, any engine $125...(you must pull it..they will provide a crane..you need YOUR hand tools..)
You should get a good build-able platform Very Cheaply.
Doc

imp: