Here's the problem with Olds engines: there are a handful of people that know how to do it right. Your local speed shop will more than likely treat it like a Chevy or Ford, it will fail, and you'll be pissed. Chevies will always be better for the dollar, but blowing minds with a badass BOP is priceless.
Agreed.
And how these type of builds usually go bad is that the owner hasn't set a realistic goal IMHO. Too much thought and money is spent on trying to reinvent the build, when in reality, all one of these need are a mild bump in compression and cam duration - note the word 'mild'. .5-.1 point of compression and 5-10 additional degrees of duration is all that's needed, and for street manners leave the stock ICL and LSA alone - DON'T put a cam in it with SBC timing events in it! Also, it's easy to get caught up in the HP/TQ numbers and trying to compare the numbers of a BB to those of a small block. The commonly overlooked difference is the rpm that the TQ comes in (torque curve). Making 300+ft/lbs at or before 3000 rpm's with a BB will be more driveable and more fun than any SB that's peaking TQ above 4500-5000 on the street.
The downside is as fleming mentioned - finding someone that know anything about the BBO and parts money.