IDidit, I'm curious why you want to disable the governor, it was intended to protect the engine from overspeeding. If the governor is in working condition it has a couple of adjustments to get it into spec. My '57 2 ton has the original drive train, 283 2 bbl, SM420 trans, single speed 7.20:1 rear end. The factory specs for my application and many other of our vintage trucks is a 'no-load' governed speed of 4000 RPM, I wouldn't want to run this engine any faster even though it is a 'modern' high speed V8 with a short stroke. Your 327 and my 283 are cut from the same cloth, same stroke, 3.875" bore on mine and 4.00" bore on yours. I would be cautious of too much RPM unless the engine has been rebuilt and balanced.