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VC - replace stock 253 with rebuilt 308 or do LS conversion?

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Hey guys.
Doing my first car restoration and was going to find a decent VC / VH 308 to start with but all I have found so far is a pretty straight VH wagon with the original 253 still in it and running well.

In terms of motor upgrades, bang for the buck should I find a decent 308, get it professionally rebuilt and replace the 253?? Or just rebuild the 253?

Thanks for any advice.
My budget in total for new motor / rebuild is under $10k
Cheers

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