Sounds risky to me. I have had 428 blocks split cylinder walls, even with block filler (up to the bottom of the water pump holes ), in my drag car before. Also, block filler should be installed and allowed to cure BEFORE the block is bored and honed, as the filler tends to squeeze in the cylinder walls, as the filler hardens, which can distort the cylinders, so that they are not round anymore, and make the piston to wall clearance tighter. Not to mention cooling issues if the water jackets are filled to the top.