I can't answer you question very well but I read an article in either Powerboat or ***boat about the differences between vehicle and marine engines and in an nut shell it said to not use the vehicle in a marine application.
Also, if you are going to jump from a V-6 to a SBC V-8 go straight to a 5.7 and stay away from the 5.0. For power to money and resale and upgrades the 5.7 is a far better engine, IMO.