The '470' has issues. Most of those issues can be sorted, and those problems are no longer a problem. The main one is the 'open deck' design of the block. Bad idea, and there's nothing you can do about it. The main precaution is to never let the cooling system 'go'. If the engine overheated, it'll blow the head gasket, every time.
Generally, people pass these by, but as an engine, they are reliable and have great power and fuel economy, given the above precautions.
Chris.....