Here are the pistons. Top one is from the 1970, those are not stock are they? The other is from the 1977.
They may not be stock.
If you want the most out of what you have:
Can you compare the two pistons side by side with the wrist pin centers lined up? (Like having the same pin in both pistons) and see which one is the tallest.
Then use that set of pistons if they are ok to use.
If the ones with the eyebrows are taller, then use those. If not, then keep the 77 block, crank, and pistons together and just hone it and give it a "refresh kit" from Mancini Racing:
If you're gonna hone it, put in a new set of rings, & bearings. Here's a kit with cast iron rings, main bearings, rod bearings, and a Fel-Pro rebuild gasket kit for $200:
http://chucker54.stores.yahoo.net/sealpowkitb.html
And here's a nice true roller double roller timing chain set for $62:
http://chucker54.stores.yahoo.net/edelbrock4.html
It's a great chain for the money. I put one in a 318 and went to change it at 125 k and it was fine. I've driven them for over 250,000 miles with no problem on a daily driver.
Much better than the stock 318 timing chain. I've had to replace the crappy stock timing chains at 80,000 miles with lots of stretch and chipped cam gear teeth (and only single row chains).
And a fresh oil pump for $39:
http://chucker54.stores.yahoo.net/318340360.html
... minimum.
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Or if you can spend a little more, you can go with the rebuild kit C which has the main bearings, rod bearings, rings, and Fel-Pro rebuild gasket kit just like the $200 kit PLUS:
Freeze plug and oil galley plug kit, oil pump, cam bearings, and cast pistons for $400.
http://chucker54.stores.yahoo.net/sealpowkitc.html
And then add the $62 timing chain from above and you're ready to go.
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Go with whatever fits your needs. Those are just a couple of minimum options.