Just got another K5 and the PO claimed that is has a 383, but short of dropping the pan I don't know how to tell if it is or not, Is there something that can be done or check to determine if it is with out tearing it down?

The only true way to tell is to pull a head and rotate the engine so that a piston is at BDC and measure the depth of that piston down the bore. a 383 should be 3.750" down from the deck surface.
SCOTT cant he pull a plug and stick a coathanger in and roll over the motor and check the travle lenght like that also?