FoMoCo put G heads on 272's in '57 so there shouldn't be problems and building a set of heads for the running engine is always nice. But here are a couple of things to think about:
Compression in 272's is lower with G heads than it is on 292s and 312s. When you use the current composition gaskets from Felpro you lose even more comprression because they are thicker than the original type stamped steel gaskets. This does not help power. I would strongly consider milling the heads. Your will see arguements on this site about how much can be taken off (my vote is for .060 max for an engine like yours) but the more the better.
Also a compression test or a leakdown test might tell you that you have ring problems but it is not a sure test. If the ring stack is damaged or there is a serious scrape in the cyl wall these tests will show it. But if the top two compression rings are OK and the oil ring functions poorly then you can still have good compression and leakdown tests but poor oil control, the bottom ring is called the oil ring for a reason.
While you are into the engine I would check the timing chain unless the motor was rebuilt only 750 miles back.
That is a nice looking truck, why don't you bring it to Columbus next year?
Doug T
The Highlands, Louisville, Ky.
