What I have read the setup can beat a 350 but the power hits a little later. The truck it's going in will have a gear vendor gear-splitter-OD that will give me 8 forward gears. I will only use 6 of them because granny low is useless on the street unless you're pulling stumps from somebody's front yard or towing a semi really slow...lol... It should get much better mileage than a 350. I was getting 16 per gallon before with a 350 without OD.
I have some more research to do, but from what I am finding, locating some 12552520 castings is going to be a challenge. Everyone wants the 12558060 or 12558062 vortec for the 350. The 12552520 has 1.84/1.50 valves that work well with smaller cubic inch engines. Summit doesn't carry them, neither does Jegs or GM Parts Direct. I am hitting up engine shops now. The casting is from 1997+ chevy trucks with 305 power plant. I guess I could hit the junk yards too. Haven't been to one of those since 1992.
Edit: I am not sure about the 283 beating a 350, but the guy that did this mod on his 283 owns a 55 Bel Air and his buddy owns a car from the same era with a 350, and his vortec 283 beats his buddy's 350. He said the 350 has more low end torque but the 283 has more power that hits later. So it will be interesting to see how this plays out.