The 250's can rev higher than the 292's.
the 292's have more torque.
i put a 292 in my 3104
got it at the junk yard for $600 and it was completely rebuilt w/ 600 miles... out of a wrecked 67 truck
we love it
500 edelbrock, clifford, langton headers, dual to single exhaust, hei, T5, 12 bolt,