bla the ls1 is great and all but id take my caveman lt1 over it any day.

Congradulations you have a 6 bolt main block. if you really want you can get your 2 bolt lt1 block made into a 4 bolt which is plenty strong enough.. 6 bolt is overkill. OOO your ls1 has a bigger cam, rockers and intake manifold stock.. your most likely gonna get rid of that anyways so why waste your money on a motor that has larger stock parts?

as far as lt1s putting down serious power, im building a forged 355 with ported stock heads, supercharger cam and a roots style blower.. its gonna put down some serious power and be daily driven. The lt1 will be very powerful depending on how you mod it.. im telling you right now tho you dont need a bigger cam to beat ls1s.. the motor i have in my firebird right now has bolt ons (headers, exhaust, intake, electric water pump) and some weight reduction and i take down ls1s... i put over 320 hp and over 350 tq... thats more torqe than any stock ls1 comes with. if i were to put a cam and 1.6 roller rockers in id be duelin it with bpu zo6s not stock 02 ws6s

heres what you do. if you want a fast stock car, have the money to kill, and you are mechanically retarted and cant work on your own shit go buy an ls1. it comes stock very powerful, its a great motor and you will have a hard time breaking it.. put a lid and an exhaust on it and have fun..
if you want to make serious power on a budget, go buy an lt1, use the money you saved in difference from the big money ls1 you wouldve bought and mod the hell out of your lt1. lets say you pick up a high mileage lt1.. 5000 bucks.. you saved 10k over the 15,000 dollar ls1... 10gs can be spent like this:
ford 9in rear end and strong driveshaft= $2500
Stage 4 clutch and flywheel= $1000
nice ported stock heads and cam package=$1600
383 stroker kit assembled balanced and probably enough for install= $3000
bolt ons (exhaust intake etc)= $1000

and you have 900 bucks to do whatever with... that setup stated above with some sticky tires will put over 500 to the wheels with a good tune

now of course with the same mods, the ls1 will put down more power, but it will cost you triple what it costs for an lt1 so if your rich as hell go buy an ls1 but if your the average tamponricer.com person the lt1 is just more reasonable