Does the car have any driveability issues, or over heat? A compression & leak down test or a coolant co2 test will give you a better idea what is going on with the engine. Oil can get in to the coolant at the intake gaskets as well. Rebuilding the engine in it will be cheaper than any swap, so unless you have the time & money to redo the wiring, fuel system, driveshaft & exhaust I would keep the sbc.