[lineslinger]

Like flwolfman said, at least get an idea of the true extent of the damage before you turn it into a boat anchor.
My first 427 so block was a a bust, cracked bearing girdle. Luckily I bought it on the cheap hoping to get it repaired, too many said it will come back to haunt you or was beyond repair, so I dumped it
Yours sounds like its pretty trashed so get an quality opinion and save yourself some long term grief, and money.