Like the other guys said you would be better of with a newer engine a 261 or a jimmy. But if your in love with your 216 it could be done.The first thing I would do is get a 235 rotating assembly.The block will easly bore 1/8 . You will have to deck the pistons 3/32. Now you have full pressure lube and around 240 cubes. A 235 or gmc oil pump might be a good idea. Also you may have to change the flywheel.