I'm not good at judging engines, but the guy sold the Suburban and kept the 454. He said it ran when he last drove it 5 years ago. So I only have his grain of salt to go on. I would just take the core of the engine a machine shop and have them strip it down and refinish it. I would buy everything else to build it myself. So only because of the price of the engine is the real reason why I'm asking about building it or buying a turnkey since its only $650. It has some surface rust, but its sitting on the floor of his garage. And over 120k miles on the engine.
You didn’t say, what condition is the motor now?