A 1 5/8" is a good size for a stock( ish ) 350, but for an OLDS, they would just have a severe port mismatch. Look at the size of an Olds 350 exhaust port and then look at the inlet size of a set of small tube headers. Not a very good match to say the least.
Also, the manufactures simply don't care about building a small tube Olds header becayse they wouldn't sell. Companies only care about profit, not making a small fraction of their customers happy.
With that being said, even an oversized ( 1 3/4 ) set of headers would be better than manifolds, but for a stock 350, it wouldn't be the night and day difference many others have made them out to be. Lots of yahoo's out there unfairly compare the stock manifolds w crossover and crap factory size/style crinkle bent sh*t exhaust to headers and a nice mandrel 2.5" exhaust and say 'wow, these HEADERS made a huge difference'. People can be so stupid sometimes.
For a stock smogger 350, a set of 1 3/4" headers would roughly knock off about .2 seconds and give you about 2 mph at the track IF you're running the same exhaust system. On a hotter setup, those numbers would increase dramatically.