A 500 HP erod LS3 won't have the torque of the big block, even if it's so mild it only makes 500 HP. IT will still feel like a 500 HP small block, not a 500 HP big block.
It appears those rods are 3/8" rod bolts, not 7/16"? With good ARP it may not matter if you keep the RPM low. Obviously the 7/16" are stronger, I just don't think I'd put the resize money and bolts into the 3/8" rods.
On the pistons, does that 030 mean they are .030" over I take it, what's the bore? If so, good news.
For the crank, same boat, stock cast cranks can take quite a bit, and will likely be fine. In fact, when I rebuilt mine I used a cast steel crank, its a little stronger than the cast iron stock cranks.
It depends on your budget. If you decide to replace the crank, then the cost of a 4.25" crank is pretty much the same, however, you would need new pistons at a minimum if you stroke it, and at that point, a complete rotating assembly may be more cost effective.
I'll add more tomorrow while you ponder that and measure the rod bolts.