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Big block will get you there easier, at less RPM and with less "exotic" parts. Using the 400 block you have some stroker options 451/470/499/512. A relatively basic build with just about any aluminum head shouldn't have a problem cracking into the 10's
It can of course be done with a small block as well, but might require a couple extras, Ported heads vs Non ported Big block heads for example.
If I was in your shoes, first thing I would do would be make the car run and drive again with the 340 you already have.  Good Luck!
I was runnin solid 10.40`s w/a 470 and ported 906`s, solid cam and drove it everywhere. Easy to do and if I knew then what I know now, it would of been a lot faster. I`ll never own a small block again and torque is king IF you can hook it.......... 
you can fake torque with gear, give me HP thru RPM any day over those long stroke's.
BB, TT5,Procharged 3300lb Street Car 4.79/154
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