"We've been hearing rumors of a Corvette V-8 option in the Chevy II ever since it was introduced two years ago. Last year, Chevrolet developed a rather elaborate kit to permit their dealers to install the 327-cubic-inch engine in the Chevy II chassis. The necessary space and even the motor-mount holes were provided when the car was originally designed; the kit supplied all the other necessary external parts for the switch. A number of very successful competition cars were built up with the Corvette "327" engine - though the high price of the swap kit limited its sales.
But that's all in the past now. For 1964, you'll be able to order the Corvette engine in your Chevy II off the factory assembly line. This much is pretty certain now. Whether they'll offer the 327- or283-cubic-inch blocks or both - and what engine equipment will be offered: hot cams, fuel injection, etc. - isn't certain yet. When Chevy officials were considering production-line installations of Corvette V-8 engines in the '62 Chevy IIs, they were leaning toward the "283" blocks only, feeling the extra torque of the "327" wasn't needed in this light car. But the 1964 Chevy II will be an all-new car - new body with a regular perimeter frame under it, longer, wider, and heavier. They can use more punch now. So the '64 V-8 option will probably be the 327-cubic-inch block. And all the equipment options up to the 360-hp fuel-injection, solid-lifter version should be offered. Also the four-speed Corvette transmission will be in this package.
There have been persistent rumors that aluminum versions of this engine would be used in the Chevy II - similar to the special engines made up for some of the big-time competition boys (before the recent GM anti-racing policy). It's certainly true that production aluminum engines are under intensive development at Chevrolet, but you probably won't see one in 1964. Maybe later. Even with the standard cast-iron engine, total weight of the 1964 Chevy II V-8 package won't be any higher than the Corvette coupe. Acceleration with a given engine should be comparable - at least up to 70-80 mph, where wind resistance starts to hold back the Chevy II."
Also, check out this related article `Vette Under Cover...
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Here at GM Classics & Chevy 2 Only, it seems we had a similar idea and applied it to a few model years later. Our Project 7245 Nova has a Corvette LS3 under the hood.
Project 7245 Nova