273, or 318?

Yes that 3.625" bore is a limiting factor, but for a snappy street engine is not exactly the end all. Lots of people still swear by the Chev 283.
Bore size definitely not ideal but big enough for more power than most would build with a 273 probably with majority of 340/360, to me rpm be the most limiting factor, since most seem to want peak power in the 5000-6500 rpm range so about 1:1-1.3:1 hp per cid. 270-370 ish HP