Bummo said:
400 is a good motor. And the 72 400 is the second of the best choices of the years. Was it a manual trans, because it might just have a forged crank. The best 400 blocks are in 71, with casting # ending in 230. Nice and thick. And pretty rare so dont bother looking for one. Yours is next best...thick with some extra ribbing for strength. If it runs good and your on a budget just through it in. You have all the other little things to worry about on the swap and you can always build it or a 440 or a 383 later if you need. More part selection (pistons ) for the 440 or 383. I have a 400 in mine and its fine. I want higher compression for a propane conversion and the highest I can get on a 400 is 9:1. I will be swapping in a 383 because of the pistons available. It is looking like 11:1 with the big 452 heads.
If you want higher compression from your 400, swap on a set of the closed chambered heads.. I can't recall the casting # off the top of my head; That made a major difference on mine, I had another set of closed chambered that were shaved; but I figured I didn't want to put the compression up any farther. I did end up ordering a forged 383 crank for it when I finally opened it up; at the time, the parts store couldn't find a listing for a forged 400 crank..
I would say that since it does run good already, throw a fresh chain & gears in it while it's readily accessable, along with checking to see if you have any oil leaks to tend to whiel it's out.
Aaron Wyse