Wondering about the cc size of heads do they need to be 76cc or 64cc and wich one for 5,000 rpm and 6,500 rpm
unless you build a racing drive with pressurized oiling, 6500 RPM will eat the drive. stay below 5500 RPM, preferably closer to 5000-5200 RPM max
putting the boat cam in your 327 compared to the 350 that was in there will drop your power down more in the 200-230hp range max. remember, there is near zero overlap in a marine cam and they top out at a max of 270 degrees of duration for a radical boat cam with wet exhaust. the stock mercruiser cam is closer to about 234 degrees of duration compared the the 295 degrees of duration in the 327 vett spec'd GM3849346 cam which only made power from 3000-6500 RPM.
the base 327 engine in the vette had 250hp at the crank at 4400RPM. the 350 that was in the boat to begin with had about 285hp at the crank
the 327 came with 10.5:1 in the base and L75 and 11.25:1 in the L76. both of which will be too high in a boat with pump gas
either get a proper boat motor, build a proper boat motor, or start with a truck motor as indicated above.
think less high RPM sports car motor, think more low RPM High torque tow truck motor. the loading on a boat is basically similar to a dump truck stuck in 4th gear going up a 4% grade while driving in sand and pulling a trailer.
that small journal 327 may work well in a 16 foot wooden boat (nearly no load), however anything bigger will kill the motor.