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Well I suppose if you could get a complete engine for $600 like the poster above it wouldn't make sense to buy one you that have to freshen up. If this engine is complete with accessories it is certainly worth $400, especially if you do your own teardown and assembly. If you are going to farm the work out and pay some one else to do it, this is probably not the deal for you..... unless you have someone you know and trust....
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i can get it for $375... don't need the 317 heads, intake, brackets engine covers etc... so i could sell them and maybe get 40% to 60% of my money back..... i real lite hone, new bearings, rings and bolt on my 4.8 intake and assy and i should be good to go.