331 stroker

Yes you need to change the rods and the pistons. You need to bore the block to .030 over stock. Also you need the shorter rod 5.4 or else the piston will go through the head. You get more stroke comming down not up. Also if you dont decide to bore it, it will be a 328 CI or some thing close to that. But I hope I helped you out.
 
Yeah a 4.00" bore equals a 327 I believe.

The 331 is a 3.25" stroke and you can use a 5.135" or 5.4" rod with matching pistons.

The crank, rods, pistons are all different than a 302.

The 302 uses a 5.09" rod...