Yes, the 283 will be cheaper and easier. All smallbock dressup kits will fit it. You can go thru the 283 for about $750 and have good perf. Wanna go unique, go with the 292.
Last 292 I did was for a kid that works for me.....I told him he could get the parts at cost, he'd do all the work, but I'd teach him. Built a tough little inline 6 for under $650.
Headers were the most expensive, so, I welded up a set of headers for him, the tubing was about 100, including the collectors. A small cam was about 180, we got 38mm motorcycle carbs off couple of old junk jap v-twin bikes (carbs have accelerator pumps), sawed off the runners on the intake, welder on some tubing, then mounted the carbs, ported it extensively and a rebuild kit, block was .030 over, and some chrome goodies. Put a Pertronics electronic ignition kit in it.
Acceleration wise, its plenty, as much as you need and more than you can use for a small light hotrod....