Sorry to see it was the pistons. From what I can see, those Autotec pistons aren't BBF pistons, they have the wrong compression height and their .030" oversize is 4.390", .039" oversize on a 403. They probably have similar tight piston to wall like the Mahle going in my 358, that 240 probably was the killer. I saw 240 way too many times on my 403. Yeah, I have had reservations on building my 403, despite having 4.390" pistons, Scat 6" long with 2" journal sbc rods and an offset ground 330 crank for 424 ci. I am sending the block in at the end of this year. I am not using it in a car. It will stay very mild, 9.25 to 1, 204/214 cam and find a 88 to 95 4x4 truck for it. Hopefully $1500 machine work total since the crank is already ground and it will get externally balanced. The optional radiator for those trucks has an aluminum plastic 34" CORE width TWO ROW, not total radiator size which 36"+, absolutely huge with a nice big, open grill for air flow.
I just paid $1500 for machine on my current 358 ci WITHOUT balancing but failure isn't cheap. Unfortunately custom pistons with a minimum hone are probably your best bet to fix it.