Remember the 283 was the "large" engine till the 327, and the 348 came out. 283 Corvettes dual four barrel AFB carburetors. I don't know the horse power off my head. The 283 crank and the 4" bore were the famous "302" Chevrolet engines.
If the engine is complete or priced right go for it. I would not worry too much about horse power. It will be fun, give you a chance to work all the bugs out of your setup. Allow you to use the Luv rear end for a while.
Smaller valves and small intake passages will have faster fuel and air speed, and give you better gas mileage, all things being equal. When we would rebuild a 283, we would usually use the 327, 350 HP ($35)Hydraulic lifter cam with only with a .030 over bore. Most engines back then could not be just re ringed, the blocks were too soft. Most of these were budget rebuilds, so no high compression pistons, just good rebuilds. We liked the factory aluminum intakes too, used. Most of those we rebuilt had AFB carburetors, every now and then a Holley. Nice performing engines. Not up to a "built" 327, but that was not the point.
Just remember don't over cam it, or over carburetor it. You will hate yourself if you do.
_________________ 75 Luv, 350 V8, TH350, Camaro rearend. New 1975 Luv Step side. Stock for now. Grandmaster of the "Shade Tree" way.. I can't see the yard for all the cars. Come on down and we will sit on the porch and watch the grass grow.
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