If the only place you guys have to buy parts is a catalog full of aftermarket stuff.......well, okay the Chevy might be cheaper.
I'm a little confused about the comments "I guess it depends on what you are trying to build" and "You have to look at what you want out of your rig". Am I to assume my Jeep is less capable in the engine department than a guy with a 350? I don't think so.....at least not any guy with a half worn-out $1200 junkyard LT1. I'm not trying to be an A-hole or anything, and I am NOT an expert by a long shot. I love Chevrolets. The AMC is a misunderstood animal though. A 390 or 401 AMC has a forged crank and rods straight from the factory, that's big money in a Chevy. All AMC dogleg exhaust port, big valve heads will flow more than all but the most modern high tech Chevy heads, that's another BIG money difference in the AMCs favor. AMCs have large diameter lifters, so a properly ground AMC cam will allow more valve lift than a Chevy grind of the same duration. AMC heads have canted valves. Heavier castings allow more radical machining of certain components. AMCs are high nickel content castings, very rigid and less prone to wear and core shifts that require more expensive machining processes during a complete rebuild. Stronger bottom ends.
My 304 block is a completely factory 7x,xxx mile unit from a junkyard 1979 CJ5. Like most junkyard AMCs with less than 100,000 miles, it didn't require anything more than a new set of rings and bearings, an oil pump and timing chain, and a complete gasket kit $350. There is around $800 invested in my junkyard 79 360 cylinder heads. $320 for cam, lifters, and pushrods. Used edelbrock R4B intake manifold $20.00. $175 for headers. A couple hundred more for new engine mounts and various other parts.
Now, after I buy that $800 junkyard warranty 350......how much more is it going to cost to install? Then, how much more to make it where it will outrun my dads 2000 Bullitt edition Mustang, like my 304 pushing 36s does? :wink:
With that said....a 350 swap is sweet, but it's not the only option and it's not always the best option.