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swapping to a 350 would be the most cost effective thing to do- will cost you about the same as buying a reman 305, there really is no reason to keep the 305 except for sentimental value.
If you really want to get creative find a mid-late 90's Chev truck 350, it's set up for roller cam- rebuild the vortec heads but then you need a new manifold to use with your FI setup.
If you go basic 350, apart from a cam swap, intake manifold (CL has a million of 'em for sale), and headers get the thing set up on a chassis dyno for your FI call it a day.
rjp
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