After casting ,would drilling be based on application?
I have heard throughout the years, a stronger bottom end is had by drilling a 2 bolt main to be fitted with 4 bolt splayed main caps. Also consideration is given to casting #'s for reference to block strength (webbing, etc..)
402( the engine that came with that El Camino) has a real bad rap around here, HP (high performance) was in the upper rear. I asked a local Drag racer/trans builder(retired GM engineer) about it, he laughed and replied " means nothing"
So I'm gathering CI wise they are punched out 396's, but not to be confused with the strength of a 60's block.
I believe my reference was out of one of the old Motor Manuals which dictated what a particular block could be bored out to.
Sorry to go off on a tangent BULLITT, but I've always had a big interest in 60's era engines: Ford, Chrysler, you name it .More so sometimes then the car they came in!
If the engines out of the 55 ,pull the pan and be done with it, your going to have to anyway for inspection.