307's are not all that popular, but they run very well and rev really fast due to their 3.25" stroke, which will come into play in a moment, versus the 350's and 305's 3.480" stroke. What I have done in the last few days is taken the crank from a 350 that I broke and found that it was from a 307, which has the same stroke as a 327, but will fit into a 350 block. I am going to use the crank in a 350 block and make a 332ci engine with 4 bolt mains.(327ci with a 0.030 over bore = about 332ci)
Your 0.030 over 327 should be 312-315ci, just to answer your question after my blabbing.