Rustydread777,
You probably didn't get a lot of responses because you weren't asking any specific questions really. The 305 to 350 swap has been done thousands of times and is a fairly straightforward deal. Your 305 sounds like a nice build, but I would recommend the 350 swap as well for the extra cubes. It won't cost you anymore to rebuild a 350 and dollar for dollar you will always make more power than a 305. Montecarloss.com is another site with lots of detailed info on this swap.
If you decide on the 350 swap here are some things to consider. You could just drop in a 350 and change nothing else. Lots of guys have done this with good results. In my opinion, you should at least change the secondary rods, knock sensor, and ESC module. I use CV rods with great success. I run a ZZ4 GM PROM, but these are getting expensive and hard to find. Google it and you will find someone selling them. Many have run the 305 PROM on 350s with success. I never tried it.
You car is an 87 so it has a one piece rear main, new intake bolt pattern for 87, and center bolt valve covers. Keep this in mind as you may need to change intake or flex plate depending on the year of block/heads you get. Also keep in mind that the dipstick tube changes from one side to the other over the years. Your stock exhaust manifolds may not clear the older driver side (older) dipstick tube. Edelbrock TES headers clear both sides.
If you found an 87 or newer 350 from say a TPI car or
Caprice, you would be able to reuse your flex plate and intake and the dipstick location should match your 305. Another option would be to find a 96 or later vortec 350 from out of a truck and just drop it in. If it were me I wouldn't even rebuild it. Just get a vortec pattern Performer spread bore intake and haul *ss. These motors have vortec heads. The only expensive part with the later model motors is the cam because the factory hydraulic cams are more expensive, around $300, but well worth it.