Yeah, IF the motor is original to the car( matching serial number), then you definitely have a big decision to make. Many say the 557 block is good to about 400hp. But many others have lost 'em, with much less than that. I, personally would only do an almost stock rebuild, if it was going to be a show car only, or just for resale.
Otherwise, I'd just keep the short block, for future resale of the car, and use the 6x heads for a 400 block stroker build, or just a good 400 build. Hey, you could even use the original intake and carb, if they are usable, and have a numbers matching motor, except for the block. Most guys are not gonna look at an engine close enuff to read the numbers on the block. And, unless they are a collector, most would rather have a motor with the stronger block, anyhow.
So, if you decide to find another block to build, the 481988 blocks are probably the most common. Hey, if you can find a W72 motor with the XX bolck, for a decent price, you'd have a good block, plus a set of 6x-4 heads. But I'm guessing that you can probably buy an older block, then a set of 6x heads separately, much cheaper than a complete W72.
If you decide to build a stroker, you don't even need a crank. All you need is a bare, rebuildable block. Sometimes you can buy a block for a reasonable price from the shop who will do your machine work. Most shops that build lots of Pontiac motors, keep some usable blocks on hand. Hey, you can even build a 350 stroker that will make 350-400hp. And there are guys that will give you the block, cause very few are using them.
Inquiring minds wanna know. So let us know what you decide.