First off If the water pump sits 1/2-1/2 between the block and head it should be a 216/235 from 54 and earlier.
Dont think 261,s had anything but the pump fully in the block for their run.
Could be wrong and i,m sure i,ll here from the wiser sage,s on the Page.
(Notice I did,nt say OLDER and wiser) :p
Get us a # off the boss behind the dizzy.
Does the lifter cover come up all the way around the plugs if so it,s a babbit pounder 216/235.
If she,s got a rectangular cover over the lifter gallery,and a 1/2 n 1/2 water pump I,m bettin it,s a Late 53 into 1954 235.