This is similar to the ricer vs. Harley discussion. Two different animals. The small block is faster on a road course and is much more practical. A good well-built small block is more exciting than a big block. They seem like they are going faster because of the sound and the narrower power band.
A revving 427-style (FE) motor sounds like it is hardly working at all - kinda like a Harley. It's just that there is no feeling like a big block cruising along at 1,600 RPM - you feel it in your whole body. Some like the feeling, some don't.
Last thought. Even though friends of mine have them, if you have 427 badges on the side, you should have at least 427 inches. (I might not have any more small block frineds after that crack
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Brian