To put the 3970010 block casting myth to bed, once and for all -
3970010 means the block is a large journal 4.000" bore block. PERIOD. Some of those castings were machined to accept four bolt main caps, some were not. PERIOD. There is nothing magic about casting number 3970010. Nothing! It could have been a large journal 327 block, a large journal 302 block or a 350 block. It's a large journal, 4.000" bore block; nothing more and nothing less. If you want to know whether or not it is a 4 bolt main block, take the pan off.
Now, to address the tin/nickel content issue -
You will never discover the tin or nickel content of the block's pour by looking at the number cast into the rear of the block.
If you remove the timing cover and look directly above the front main web, you may see 010 cast into the block. This number indicates the pour was done with 10% nickel and very negligible tin content. If you see 020, then the pour was 20% nickel and little to no tin. If you see 010 / 020, then the block was poured with 10% tin and 20 nickel. And this is the desirable block.
However, if I had a 010/020 block with core shift, I would toss it for a 010 block with no core shift. No matter if I was building a stock motor or a race motor. The strongest block in the world is useless if it has thin cylinder walls.
People place far too much importance on picayune things like 4 bolt mains and nickel content. The last A/ED motor we ran was a simple 2 bolt main block. It was not converted to 4 bolt caps. We used it because the 2 bolt block was significantly lighter. And then we would set the block in a mill and mill everything off we could. Oil filter mounting pad? Gone. Fuel pump mounting pad? Gone. Motor mount bolt bosses? Gone. High lips around the freeze plugs? Gone. That motor was a record-holder and if it could survive that kind of compression and RPM abuse with 2 bolt caps, I'm
fairly certain the small-block you're building to cruise with will
probably be OK, too. Naturally, if you're building your motor to have 16:1+ compression ratio and you plan to shift it at 9,500, then we're dealing with a horse of a different color.
OK, everyone repeat after me - 3970010 means large journal, 4.000" bore and nothing else. Now write that 100 times and tape it to your bathroom mirror.