So first of all, make sure that if you're at 349 it's with STOCK stroke. What's the STOCK bore? Make sure you've got some definitive guarantee that the inspector can read (factory specs in the owner's book, maybe) so you and he know what the stock bore was, and what it is now. Then you can feel safe with the .020/.508 overbore.
In other words, the displacement may be over the 350 limit -- but only if you increase it with the boring bar, not a stroker crank.
I think....
Jon, I don't read it that way at all.
The rule, as written, doesn't specify a reference starting point for the bore, and it doesn't mention stroke at all. Nothing about "stock" in the rule at all.
And "stock" becomes nebulous in the modified & altered classes anyway. Especially in larger displacements, there was never any model made that has the same displacement as the class, so all of these motors are customs. For example, myself, running in 1650cc using a Harley. Well, no Harley was ever made that big (until just recently). My motor has a larger than stock bore AND stroke than ever came in the chassis in which it's fitted.
And of course, in "A" classes, the chassis may be home made. The whole concept of what's "Stock" becomes meaningless.
The way I read the rule, your motor can be over the class limit by .020 of bore size and you're still OK. In other words, if your motor is too big, but it'd be legal if your bores were .020 smaller, you're golden. That seems like the only reasonable interpretation of the rule.
Am I wrong?