I've gotta get on this.
Your stock starter shoudn't have any problem's turning over that 347. Hell I run a factory starter on my big 10.8:1 408 Stroker, and it does alright. Something dosn't seem right here. Usually if a starter is shot it's shot. They usually don't power out or anything like your's, they usually just die or won't turn over at all. It's just not getting enough power to crank that motor over is what I think. Try the solenoid for the hell of it. Either that or you messed up on the clearences (Bearing's, Rings etc.) and the clearences are so tight that the starter dosn't have enough power to turn over such a tight engine. How hard was the motor to turn over by hand? Was it really hard? Did you have to you a snipe?