Welcome neighbor! I'm over in Saginaw, TX (North Ft Worth).
As far as engine like you say, SBC and plenty of aftermarket parts available, if you aint going anywhere fast, I'd go with that.
When you go to insure it, you will get asked engine size, it it has Nitrous, Blower, etc etc, and it will have an impact on your rates.
Just depends on what you want to do....To get 375 horses from a smallblock isn't hard....its gonna cost you more than a bigblock, since they're closer to making that power in fairly stock form. All these T-Bucket guys here have given you at least 20 years of experience in just these few paragraphs they've wrote.
Going fast is a matter of power to weight ratios. As mike knows racing all all the guys with fast cars.....you put 300 horses in something that weighs about 1300 to 1800 lbs....its a handfull. Its a mindboggler if your pumpin' 500+ like BlownT or RPM, or some of the others.
If your car is already setup for a BB, you can drop in any motor in the BB family. A 454 with a warm streetable cam, a good 2x4 or a 3x2 intake and a good choice in headers.....your gonna have a respectable 450 horses on tap at least. Now, thats gonna be running no faster than 5500 to 6500 rpm's, fairly good idle and tons of torque from idle, because of all that rotating mass in the lower end.
You can do the same thing with a smallblock.....the power won't come in as early, and you won't have the torque....but you'll have alot of pull. You can setup a 500 horse smallblock fairly cheap.....
A easy analogy of these 2 scenarios is easy to visualize. One is a linebacker for a football team, heavier, stronger and geally fast on short sprints. BUT unlike humans....it won't tire easily. It isn't gonna get stressed lik a smaler motor will over time....all things being equal.
The other is a runningback, fast and agile, you can build up a cheap bracket motor and stick it in one of these little light cars and you'll probably run thru a set of tires in a month.....but it'd be fun! And expensive. Just depends on what YOU want.
All the guys here will support whichever way you go......since your car is already setup for a BB, your that much closer to going that way. BUT, all you'd have to do is motormounts and the trans thing to go SB.........
On yea.......WELCOME ABOARD! Its good to have ya here!