...Building a 2.8, 3.1 or 3.4 does cost money. You can get as much into one to get up near 200 hp as you can by just dropping in a 3800NA, starting at over 200hp. Not speaking for Raydar, but I suspect that's what he was getting at.
You nailed it. The real killer was that I started with a Grooms rebuild, since I wasn't comfortable starting out with a "pullout" and rebuilding it (or NOT rebuilding it, as the case may be.)
It was nice, but all it did was make me want more. (That's the "first rule", after all... "If 'more' is enough, then 'too much' is just right." Right?)
Anyway, I took it back apart, sold the stock heads (with 1.6 rockers that I had added) and sent a spare set of heads to be "worked". I also bought a ported lower intake from Darrell Morse, to complement the worked heads. I don't remember what the porting on the lower cost, but I had $800 in just the heads, including porting, valve job, and installation of my springs. I added a bored out throttle body, Trueleo intake, a Crane 272 cam, 19lb Bosch injectors, and FOCOA headers.
The engine ran very well. It would outright scream, for what it was. It had enough power to absolutely shatter a Getrag differential. (I also swapped the Getrag for the automatic, while I had it apart.) It really seemed as strong, although not quite as "torquey", as my 4.9.
I forget what the financial tally was when I was done, but it was stunning.
I could have easily bought a 3800SC (which the yards were pretty much full of, because they usually outlasted the cars they are installed in) and all the swap pieces, for what I had in my 3.4. And I would have started out with more horsepower, right out of the box, than I could have ever achieved with the 3.4, short of hanging a turbo on it, which I don't have the expertise to do.
And since the 3800 has a huge aftermarket, stupid power is available with bolt-ons. (Pulleys, rockers, etc.)
With that said, I am contemplating a 3.4 DOHC for the "ghost in the machine". Simply because it will pretty much bolt in using stock Fiero brackets, I feel comfortable doing the harness and ECM, and I have a line on an inexpensive one, with a crapload of spare parts.
(The DOHC is reputed to be a lovely motor for a manual trans. A 3800 SC, not so much. But that's a whole 'nother topic.)