Yes, it's been beat to death...but there are really only TWO things about the LS platform that really stands head and shoulders above the SBC besides the ability to use factory parts to run the EFI. The two big improvements the LS has over the SBC is: 1, the cylinder head design. Stock LS cathedral port heads out-flow most aftermarket ported SBC heads. Stock square port heads out nearly all off-the-shelf CNC ported SBC heads. Now, port those heads and you've got something that performs at the same level, or above, as all-out top-of-the-line SBC heads. 2, the valvetrain design. The geometry is so much better being in-line without stability killing angles. And large diameter lifters. Stock pedastal mount rockers. Valvetrain stability and the ability to run a rather large cam without driveability issues is the other piece of the LS puzzle. These two items, along with the EFI system, are why LS engines can make so much power and still be driveable.
Build a 600+ HP SBC then go build a 600+ HP LS and put them into cars. They will likely run the same number. But, you're not going to want to drive the SBC car very far, even if it's equipped with EFI. Now, this is all assuming a naturally aspirated motor. Adding a supercharger or a turbo and you're going to find the differences much milder.
That ramjet is crippled by the head design and will never make nearly as much power as an LS. However, how much do you want/need/desire to have fun?