This started life as a C2 (1962) 292 block. The 312 has larger main journals which is not as good for serious horsepower. I used a Moldex custom forged crankshaft with Honda rod journals, Crower 6.300 rods, JE forged pistons, Jones custom camshaft with 268/274* .409/.395" lobe lift, Trend tool steel lifters, Smith Brothers push rods, Mummert heads, Mummert intakes that I ported. FPA headers for TBird, and I have a .500" iron block girdle for holding that 4" stroke together at 7500 rpm. I did a half fill of the block, added an electric water pump motor, and complete MSD ignition. So, really it is not a true Y Block, but newer Y block parts. LOL
I have not seen the Argentina heads in person.
My '55 Tbird has a 345 Y all iron making 402 hp. It is low compression and small cam for street with AC.