The lt1 has a known issue with rod bearings. The guy is right if it were me id do as john sed and rebuild a block for future speed parts to go on and in. Trusting a high milage motor is not safe and what ever part you install internally if a rod goes you run the risk of losing everything.
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1998 Firebird:buncha parts thats used to make it go fast..... not so much anymore. 
BAAAAAA!!!!!!
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