The 403 wasn't weak enough for most guys on the street, 350 Olds isn't much different, smaller capacity. As mentioned, earlier blocks are also stronger so depends what it came out of and what you plans were, it may not affect it at all. Otherwise, with all the guys going the LS route recently, ie no longer more interesting, there'd be a few 403, or other decent engines sitting around, stock or built beyond what it would cost to even look at your existing block, even if it were a 403.