A 292 gets horrible gas mileage. It has odd offset motor mounts, which means you will need to fabricate your own. It is not a direct bolt in like a 235/261.
If someone gave me a 292 in excellent running condition and I had a beater AD, I would probably consider it as an option.
I once had a '70 Nova with a 230 and a 3 on the tree and I was amazed at how much pep that it had and you couldn't tell that it was running at a stop light.
I prefer the "belly button" 350 for ease of installation, added HP, and easy to find/inexpensive parts.
I de-belly buttoned my 350.
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1952 5-window - return to "as built" condition | 1950 3100 with a 235 and a T-5 transmission