Search "olds 455" on here or try realoldspower.com, theres tons of info. My opinion: before you spend a ton of time and money swapping in something else, try to find out why its's smoking. Might be something simple like an intake gasket, in which case, fix it and/or leave it in there until it comes apart or it starts smoking so bad you can't stand it. If you want ultimate performace this is not your motor, however mine is still running fine and it's been in the boat for 31 years, supposedly only rebuilt once. I've been waiting for it to come apart based on everything I've read, but it never has yet. I've run it near WFO down the IL river from Peoria to near Starved rock and back which is probably 50 or more miles each way, no problems except it burned through a huge amount of gas$$.
Oh yeah to switch to BBC you will also need motor mounts, a starter and possibly a PTO or driveshaft coupling depending on how yours is set up.