We run a 307 in two of our daily drivers and the 307's are a very good serviceable engine. Gas mileage is good, power is OK but not like a 350. If you need to tow, it would be better to have a 350. They last a long time. I don't believe that I would ever rebuild one as they are more costly to build than a 350.
Overall, I think they work real well in these trucks, especially if you are doing long trips.
Jim
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