each engine has its advantages, each transmission has its advantages.
you get opinion when you ask something vs something...
Would you imagine that if I post about 3800's it must come from 1000's of hours of reading, and even as many hours of application of working with the 3800's. However, it is a biased opinion at that point, because I dont work with 3.4 DOHC's. Just as if someone that works with 3.4 DOHC post in this thread, he does not work with 3800's. ..
Like you indicated, you build both, you test both, then you have a valid opinion about both. However application of each is going to determine the opinion and final result.
The 3800SC is the best dollar for dollar application today. Mod'ing the engine is really easy. You can get the engines from 0 miles to high miles, and price falls in $500 to $4000....The engine makes lots of power for 231 cu in, and its torque is pretty broad.
Transmissions are the limiting factor. Wow, we can ENGINE dyno 400 BHP, but now we have to have a transmission that can deliver that to the tires, and tires that actually stick and grip.
12 second cars are not made of just engine. They are a combination of the right parts in the whole car. 13 second cars however, can be just good engines, on good transmissions, with good tires. Average stuff in other words..
I built a 12.73 second car with just an Stage 2 intercooler, TOG exhaust, and 72mm throttle body. It was on a 2.93 ratio 4T65eHD. Tires were the typicial 245x45x17's in a good brand ( I forgot the brand ). The build is here >
http://www.fastfieros.com/projects/kevin3800sc/kevin3800sc.htm
Then in 2003, I built a engine that should have dyno 400BHP easy. I put it on a GETRAG Fiero transmission. Runs a 12.24. Pitiful. 282 GETRAG's do not have good ratio's for high HP, and high torque applications. Then there is the cables, the shifter it self... Then the worse... The human element of having to concentate to shift 3 times in 1320 feet in 12 seconds.
Automatic transmissions in the Fiero is the fastest way from point A to point B in 1320 feet. So where you measure your performance, is a factor as well. Road racing events, or run and gun events would require different approachs.
As to rebuilding a 3800 block.. the forged pistons are $800. Not very cheap considering you can buy 2-3 engines for the cost of building a really big engine. The blue engine I built in 2003 had a price tag of $6000, just in the engine. The build is here >
http://www.fastfieros.com/carssold/88GTwhite3800/88GT5speed.htm
Loyde