During the overlap cycle with both valves open may be the tightest pinch point with the piston. I didn't do all the math to see where this combo is, but it certainly is dependant upon your particular block height, gasket thickness, the piston location, and chamber volume on how close everything gets. I've never found a block that was exactly at spec for any variety of dimensions, except bores and bearings. You might be able to flycut valve reliefs if needed, but that is a wild card with a flat top cast piston as you don't know how thick the tops are.
So the crank and pistons are $627. Figure $75 each for main and rod bearings. $100 for rings. $75 for rod bolts, $200 for installing the new bolts and resizing the rods and you're almost $1200 into the crank kit and that is without any balancing work at all on a cast iron crank and cast pistons. For another $700 you can get a 390 crank kit with forged pistons and a cast steel crank that is all balanced and ready to install. But, it is your coin and your labor so you need to do what works for you.