Chevy 427 (especially the early versions):
* Generally revs higher: The 427 often had a higher redline and was more responsive at higher RPMs. This made it a favorite for high-performance applications and racing.
* Lighter: Slightly smaller displacement usually meant a slightly lighter engine. This is beneficial for handling and acceleration.
* Potentially more refined (depending on the specific application): Some 427 applications were designed for more refined operation than the often-brutish 454.
Chevy 454:
* More torque: The larger displacement of the 454 typically resulted in significantly more low-end torque. This makes it better for towing, hauling, and applications that prioritize grunt over high-RPM power.
* More readily available parts: Because it was produced for longer and in greater numbers, parts for the 454 are generally easier and cheaper to find.
* More adaptable: The 454 was used in a wider range of vehicles, making parts compatibility potentially broader.
In short:
* Choose the 427 if: You prioritize high-RPM power, a potentially lighter engine, and are comfortable with potentially less readily available parts. Think muscle car applications or racing.
* Choose the 454 if: You prioritize low-end torque for towing, hauling, or general brute force. Think heavy trucks, boats, or applications where high-RPM power isn't as crucial.
Ultimately, the "better" engine is subjective and depends on the intended application. Consider what you'll be using the engine for before making a decision. You should also consider the specific year and configuration of each engine as performance varied quite a bit depending on the details.