Just make sure to poke the holes in the block to make sure they drain, and in the manifolds or risers as well. Also, you have to remove the lower end of the big hose that goes from the thermo housing to the front circulating water pump, because that area holds water that will not drain from the block drains. Finally, some late model 4.3s have a plug in the front edge of the intake manifold as you face it, on the left side that should also be removed.
Really these cast iron inboards should have all been closed cooled from the factory. What a lousy system, raw water cooling on an engine that can't self drain. Outboards are made to be self draining. Inboard engines were designed to be in Chevrolets and they should have a closed cooling system (like a Chevrolet)!!