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Keep in mind that the GM warranty is MUCH shorter if you're not buying the "correct" engine for your vehicle.
For example, guy wanted to stuff a "medium-duty" Vortec 5.7L into his K1500. This gets him 4-bolt mains, and maybe a forged crank. But since the "Medium-duty" engine isn't the recommended unit for a light-duty truck, the warranty goes from 3 years/36K miles to 1 year, 12K miles.