I will add a couple of less technical points, but I think applicable anyway
- As Barry said, narrowing the rod was common in the "olden days" LOL.... in fact many performance pistons did that in the old days to take advantage of BBC forging, also allowed a smaller step in boring with off the shelf dimensions.
- Cast pistons have their place, and can be happy for a very long time, be they hyper or traditional. They fit well, run quiet, etc. If the engine is built that way and run like a factory car, you could get plenty of fun out of it. I would say that most do not do that with 427s on this forum, but there are plenty of 390s and 428s getting flogged and run daily that do.
Triple the money you spend, (which is pretty cheap nowadays) and you get custom stuff that is REAL nice and runs almost as tight a clearances as a cast with a huge buffer in strength, but if the car really is never going to get there, nothing wrong with those pistons
The things that I like about custom forgings like Randy offers, is of course the insurance of a 4032 (or 2618) forging, but on top of that, I can hit a quench distance with a 8554 gasket, that offsets a little cost; next, depending on the ring choice, rings are more readily available and cheap too, with some single digit power benefits; third, I can pick the exact compression I want; and finally, the valve reliefs give a lot of radial and depth clearance.
With that being said, if it's a weekend cruiser, long haul highway toy, maybe you don't need ANY of those, so why spend the dough?