That would depend on your personal opinion. The 403 would definately benefit from better heads, most came with smog heads, aluminum is definately worth the extra money as cast iron heads are starting to dwindle in availability and condition. I believe the number 5 heads from the early 70s were the better flowing head with big valves but the right machine shop can modify just about any head to flow however you want with big valves. The 383 vs 455 again is your opinion, mine would be to stick with all olds power. The 383 will take some modifying to get the same torque numbers a 455 will give you, it will take about the same amount of money to build a 383 vs a 455, the only difference is the kind of transmission your going to put in the car, if your car has the BOP trans then the 455 will bolt right up, the 383 won't.