LT1 and LT4 engines were probably the farthest technological step in the smallblock chev (released in 1955)
They produced in factory trim, upwards of 330 NET HP which is probably about 370 GROSS HP (HP as it was advertised in the 60s).
The best LT1s had Aluminum heads, all LT1s had REVERSE FLOW COOLING which allows for higher compression using lower octane gasoline. They have a specific, optical triggered distributor (Called Optispark) mounted on the front of the engine, below the waterpump. The Opti as its called, is very accurate; however they had some teething issues with vapor getting under the cap and killing the distributor. I bought one from a refurbishing shop here in the states called Petris. It is extremely good quality and runs like a champ.
The cylinder head chamber is very similar to the Vortec head seen for conventional small block chevs. Sir Harry RIcardo would be proud.
The use a dry intake manifold with short runners and tried a couple different injector systems. Early ones used "Batch Fire" meaning firing one bank of injectors at a time. Later ones were Sequential.
The earliest ones were OBD-1 programming, which means burning a chip for the computer to read. Later ones were OBD-2 and this opens the ability for tuning the computer parameters while its in the car.
LT1s have hydraulic roller tappet cam shafts (in fact the LT4 'HOT cam' was a popular GM Parts upgrade for budget rodders.
They use the same engine and gearbox mounts and even the block crank rods and pistons will transplant into the earlier blocks with relative ease.
The LT4 is an improved LT1 with revised heads, revised intake ports and a dual mass flywheel. It makes a little more power. It wasn't uncommon to order up an LT4 intake heads, HOT cam and strap them on an LT1.
Companies like Lloyd Elliott still cater to the LT1/LT4. But it has largely been supplanted by the LS1 and its variants.
However, if you want a strong running 350hp hotrod engine, want to learn to dabble with computer programming; AND have something that is mostly a 'drop in' smallblock chev? Theyre a great platform. I love mine.
Mine has an corvette radiator with no filler neck and therefor, I have a pressureized rad tank that has to be located highter than the engine itself. Its a bit awkward, and eats some space....but the ENGINE itself, looks MUCH nicer than a stock LS engine in my opinion.