This car and motor sat from 1987-2003 with the same coolant in my garage. I started it a couple times a year but never changed the coolant that I can remember. About 5 years after I started driving it again the core plugs rusted out.
I jerked the 340 out one Sat morning along with the tranny to replace all the core plugs. I used a pressure washer and got the inside of the block clean. There was a ton of junk in there.
Sun morning I put it all back in the car and was driving it that afternoon.
Felt real good about that.
Couple months later the motor won't turn over one morning. Found water in #5 cly, blew it out and the car started and ran fine. After a couple more times of this I knew I had a serious problem.
This picture was taken after I had pressure washed the motor clean inside and out. Then took the oil pan off to clean the inside of it out.
Jerked it out again a couple months later and ultimately found a crack in #5 cly. Shoot!
Then took another block I had and stuffed new pistons in it and put on Eddie heads I had for like 4 years. Never got around to using them until now. the block I had was still standard bore, Had to wait for pistons like a couple weeks or more because I wanted standard bore. I guess they don't sell many.
The new bullet, I built it at my race shop and brought it home, still running it today.
Good luck with yours.