ok- hey, nothing wrong with that....take your block to a good machine shop and ask them to prep it for a street/strip build. This should include tanking the block, fluxing it, checking it for shift, replacing the soft and hard plugs, line hone it if your going to run a different crank than what it came with, clean up the lifter bores. I have the hard plugs tapped & screw in plugs installed- if you have your pistons your going to run ( 10:1/2 to 1's or higher with that cam) then you can have the bore work done, after that have the cam bearings installed- or do it yourself, after all the cleaning's done.
I don't like to shave the block all the way down to 0 deck the first time around- if anything goes bang then you have nowhere to go to repair. I'd go with just a check on the deck the first time.