Generally a bad idea that shouldn’t be done more than once in its life time or at all. It is possible to damage the torque converter and maybe the transmission this way.
IMO, and as for myself, I wouldn’t spend the time and money to convert an LA to a roller, Hyd. or solid unless it was to be a mean street machine. A good solid flat tappet cam will rock and at a heck of a cost savings.
Go straight to the RPM.
I would not waste time rebuilding stock heads since there price vs performance value is at the bottom of the tank. Ether the Edelbrock head or a Black Friday sale on Speed Master heads would be a very good choice. The IMM heads are an excellent idea IMO.