I'm not arguing that ls motors don't have great potential; it's just not time to discount the tried and true gen 1 small block. As far as what does it take to make 393; I listed my motor specs above. with a bigger cam, stroker kit, single plane manifold and some more compression the numbers could be a lot more impressive but it's a driver not a racer.
A gen 1 small block will bolt right up, have more parts available(more options) and be more budget friendly and in my opinion you'll get a little more dollar for dollar.
Ultimately; the important thing is to match the parts up right in any build for your goals.