Before you spend money to rebuild that 3.4L I would first disassemble it and mic up everything. If the crank journals and bore are within spec then a simple polishing and honing job with new rings, bearings, lifters, gaskets and a check of the head is all you'll need. If the build stays below $1000 then IMO its worth it but if it approaches $2000 then you might re-access your choice of engine. The 3.4L gives about 20 more horsepower than a stock 2.8L.
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" THE BLACK PARALYZER" -87GT 3800SC Series III engine, custom ZZP /Frozen Boost Intercooler setup, 3.4" Pulley, Powerlog manifold, Northstar TB, LS1 MAF, 3" Flotech Afterburner Exhaust, Autolite 104's, MSD wires, Custom CAI, 4T65eHD w. custom axles, HP Tuners VCM Suite.
"THE COLUSSUS" 87GT - ALL OUT 3.4L Turbocharged engine, Garrett Hybrid Turbo, MSD ign., modified TH125H
" ON THE LOOSE WITHOUT THE JUICE " [This message has been edited by Dennis LaGrua (edited 11-11-2012).]