As Oldsmobile Joe says, on my '87 I have to live with a 2" tall x 14" diameter, drop style, open element, chrome breather [pant pant, damn, a few more adjectives describing that breather I might have had to take a break] until I get my custom dual snorkel done that I am fabbing up. Of course, given my age and health, I have been changing my stupid electric antenna for 2 months now so take "fabbing my dual snorkel" with a grain of salt. Still, the big block swap is well worth it though and do NOT worry about having to muck with headers unless you are just going to the drag strip. Though my BB is not stock, I am running WZ manifolds too and cannot begin to get the power I am making to the ground. Now, I am in the process of ordering parts to hopefully change that but headers are a PITA and only worth while IMO when you are going to the strip.
Some say higher nickle F blocks with C heads were the best but, trust me, you will feel all the wonderful torque in a stock later and lower HP 455 or with whatever you can get your hands on if it is built right?
Especially combined with a 3.73 posi out back, I would prefer the 200-4R over the 400 but you will need an Art Carr, Bowtie [I chose the stage 3], or other similarly built model to stand up to all of this new wonderful torque. There are plenty of rebuild kits available to get you there cheaper IF AND ONLY IF you have a transmission shop you can trust. I learned this the hard way before I bit the bullet and just got a Bowtie model and even then they forgot to put the retainer clip on the front seal required on performance built higher pressure transmissions which blew out at 75mph and had the transmission empty and scarred before I could even get it shut down but, with a reputable company, they just sent me another transmission with apologies.
Good luck with your project.