You didn't say if this was a 4.1 or 3.8 S1 block or the current bore size.
Just a thought,
If it is a 4.1, You could take the bores out to 4.000" (even if that breaks into water) and install 6 sleeves. If you go to a 3.800 bore you would have .200" thickness in the sleeves.
The smaller bores limit breathing somewhat by shrouding the valves, but guys like John Gallina, Donnie Wang (and others) have made big horsepower on small bore engines. You can always eyebrow the bores at the top for big valves.
Dave