I never had a 292,my older brother had one in a '66 GMC 4x4 that someone "rebuilt",and after a few months it was huffing so much blowby out of the breather it soaked the air filter,so he had to route it out of the air cleaner housing and stuck the "bowtie" breather filter in a length of heater hose,and run it down under the cab..
It used a quart of oil pretty quickly,and he tired of having to add oil daily..he decided to put in a 350 from a 70's Caprice wagon my sister had that was rotted to death and about to be junked..
He soon learned the 292 was much better at pushing snow--he could just putt along in granny low or second and never spin a tire--the 350 wanted to be revved up higher and would break the tires loose much easier..it did have better acceleration and power,but he liked the 292 better..
He took it apart,and found out some pistons had the rings installed upside down,and a few oil rings were missing the springy expander things!..that was all he could find wrong with it..
He sold the truck though,he intended to put the 292 back in it,but he got an offer he couldn't refuse for it..
The local DPW here used to have a fleet of C-30 mason dump trucks with dually rear axles,most of them had 292's and the SM465 tranny's,and a NP-205 transfer case..they used to plow the town roads with them,some were used to haul logs from downed trees,and haul dirt to the landfill to cover the trash..
Many of them ended up in salvage yards locally,I saw one DPW truck from my town in a salvage yard a few miles away in another town,a 4x4 1980 K-30 with a D60,NP-205 and SM465 that didn't look all that bad other than cab rot,but when I asked the owner of the yard if he'd sell it "whole",he said he couldn't due to it being "untitled"..
I guess vehicles used for town municipalities dont need titles or be registered,they use "official" licence plates that are blue in color,and he mumbled something about it being "too big a hassle" to try and get one titled--could be sales taxes were never paid,being a "city" truck or something ?..this puzzled me,because at town auctions they often sell off used police cruisers,trucks,etc and you can get them registered..
Anyways,once I pointed out to him it had a D60 ,he said "I may just keep it myself to use around the yard"...a month later I saw it sitting on a stand with no engine,tranny or D60,no dually rear end either--it also had hydroboost ,which I thought was weird,but I guess ALL 1 tons had hydroboost back then,gas or diesels..
I would imagine a 292 in a 6000lb+ 1 ton truck wont be a speed demon,you'll need low gearing or a multiple speed transmission to make up for the low HP...
I have seen more than one 292 in a C-40 two ton truck and one in a C-60 dump truck that had a "brownie" auxillary tranny behind the SM465 ,that gave you a lot more gear choices,and they also had two speed rear axles..but you'd be lucky to hit 55 mph wide open in them I bet..