Can't speak to the Lexus motor.... Reliability of the Chevy though...
I'm running a Sept 1969 Chev motor...
V8-350, 4 Barrel carb, 4.001 bore x 3.48 stroke, 10.25 compression, 300 hp @ 4800, 380 ft-lbs @ 3200
It has got around 135,000 miles (~220,000 km) on it... At around 110,000 miles I replaced the cam, litters, rockers, and replaced the carb. Compression is around 195 psi across all cylinders.
It is a 41+ year old motor which still is running strong...

I'm running 33" tires with 4.11s... It has enough torque to easily start in second, and pull in third from about 10 miles/hour.
I don't know how the latest generation blocks compare... But when I swapped mine, there were orange, blue, and black blocks... Roughly 60s-70?, 80s, and 90s... The older orange blocks were said to be best, and four bolt mains are better than the two bolt mains.
How/where to get them in the UK, don't know.