That plate looks like the relocation plate to raise the water pump up and use the older pump.
Here is a photo of “Pre ‘68 Dave’s” relocation plate.
Phil Moderator, The Engine Shop, Interiors and Project Journals
1952 Chevrolet 3100, Three on the Tree, 4:11 torque tube Updated to: ‘59 235 w/hydraulic lifters, 12v w/alternator, HEI, PCV and Power front Disc Brakes Project Journals Stovebolt Gallery Forum
