Paul,
With all due respect, I would have to have references for saying that early FE's were thin wall castings and that the 4.63 bore spacing, is the reason. The first report of thin wall castings, for Ford was for the '60 Ford Falcon (144/170) and in '62 for the SBF.
BTW, the 4.63 bore spacing, came from the 317/368 Linc/Merc, Y block engine (3.8- 4.0 bore). Another under appreciated short lived Ford engine. But won the PanAm race for Ford.
The 221 through 302 SBF, has a 4.38 bore spacing and they had 4" bores by '64. Even the '63, 427 had more room, between bores than the 289. I never heard of thin wall FE castings until much later than '63. I was born a Ford lover and racer (my dad worked for a Authorized Ford Rebuilder, shortly after I was born, in '44). I read everything regarding Ford, from the time I was at least 15 ('59), on. If it was in Hot Rod Magazine (and it would have been) I would have read it or in the Ford "Shop Tips" that was available from Ford Dealers when I was a mechanic.
Here is a small part of a article by Ak Miller and Lee Kelly, from 1971, where he suggested boring the 390 to 4.13 to clear 427 valves and calling it common. Not many people knew Fords better than Ak Miller.