Just curious, why V8?
Is it frontal area, displacement, or rules classification that requires 1/2 a V8?
IMO:
They have used half a 426 Hemi in import racing before it was outlawed. I probably can't find the blueprints anymore, but we worked on one.
A Cobalt engine is cheap, has factory race support (free info, large parts catalog), as does the SRT-4. We pushed the SRT-4 past 1200HP for drag racing.
BTW, all the late model SBC's I know of are 6-bolt, roller cam, etc. More race stuff is avail for the late SBC than the late model Dodge 'Hemi' (har), and cheaper, and more powerful.