I build scores of Pontiac engines here and drag race/sponser half a dozen of them out of our shop.
To date I've never touched a 326 or 350 for "high performance" use. The bore is simply too small, and they are long stroke with heavy rods. Cranks are basically the same parameters as a 400 but it makes little sense to start throwing money into a 350 build and piston choices are very limited for them, so you immediately have to buy expensive aftermarket custom made units.
Going that direction it just makes more sense to come up with a LOT more CID from a 400 block, and you can use the big 2.11/1.77 valves without clearance issues with high lift camshafts smacking the block.
I'm not saying a 350 Pontiac is a "door stop", but it takes as much as or more money to build one up and you get LESS of everything at the end of the journey, so why not put the funds into a 400 block right to start with?.......Cliff