If you plan on hitting the strip then go with the turbo 400. You would have too much money into the t350 to make it as strong as a mildly built t400. 400's can be picked up pretty cheap and rebuilds aren't too expensive.
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1964 Malibu SS, now a LS1 and T56, Back halfed, rollbar, narrowed 9 inch, 4.11 gears and 31x16x15 Mickey SSR's on Weld wheels.
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