I'm very happy with the LT1. I have a stock crank and eagle rods with a studded 2 bolt main and 11.75:1 compression and it LOVES boost. I run between 6-9 lbs of boost on a 60-1 with alcohol injection.
Not sure on my dyno numbers yet, but with 4.10 gears my brakes being unable to hold the car for staging (going to upgrade to LS1's) I made a 12.30 pass at 118mph. That's leaving on 10" of vacuum and not really into boost until 3rd!
My GN has a Jimmy's 200, fuel pump, 009's, PI Front Mount, TT chip and TA-51 at 20-22#'s of boost, and the Iroc makes the GN feel like a Ford Escort.
I'm also going to drop my gears down to a 3.42 or 3.73 to take better advantage of the boost- just have to wait for the cashflow to do it.