An all aluminum V8 (LS1, LS2, LS3, etc) has been weighed in as being less than the stock KA. The Iron block/Aluminum head V8s (LT1, Vortec 5300/6000) are a bit more, but I would imagine that they’re around RB25 weight, if not a little less. The Liter count on V8s like those look big, but physically the engines aren’t very big and don’t weigh much, which is the advantage. Stock any of the listed engines put down ~300HP or more, and can be had for $2500 for the LS1 and $1600ish for the LT1, and even less for the Vortecs.
Given you know the engine’s history, I’d say your best bet is to keep it and upgrade as you see fit. Price check a rebuild kit and a turbo setup. Try and get a quality rebuild kit (forged stuff), not much point in replacing stock parts with shit parts =p.