I've seen more than one first gen K5 with a big block in it--NOT factory installed however..they will fit in the engine bay fine without beating the firewall in--IF you use a points distributor...pickups of that era had a big block option and the engine bay is the same on a K5..
I did massage the firewall on my '72 K5 to get an HEI distributor in it,and it had a stock 350...it did fit without massaging,but was too close to use that "ring" that the plug wires snap onto on top of the cap,and it was a real pain getting the cap on and off...until I made more room..
And after I did,my radio went tits up ,I guess it didn't like a sledge hammer pounding inches away from it..

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