My personal opinion on bore is not to bore it out any more than you need to. If something happened to an already expensive block.. then you are screwed. If you leave some meat in there, you have a chance to renew it.
If you figure it out...
0.030" Over - Stock stroke - yields 266 CID
0.125" Over - Stock stroke - yields 279 CID
0.030" Over - 3.75 stroke - yields 289 CID
0.125" Over - 3.75 stroke - yields 300 CID
In my opinion, in my opinion (in case you did not see that the first time), I would only stroke the motor, not bore it.. I am sure there are 100 opinions. or if the motor can be bored to 4.125... and you are set on boring it, go 4.060 or something to leave yourself some room in case the cylinders ever got scarred or something.
As for making power.. I think the extra cubes you would loose by not going max bore can easily be overcome with more boost... :lol:
Again I don't know what the hoover's are using..but this is just my opinion.. I think the stroke is worth it.. I am sure they can go bigger stroke than that.. I don't know what the 9 second club is using by I think they are shifting at like 8000 so I would not think they are stroked any bigger than 3.75, but I could be wrong.