Mine is going to have a different heart (302 Windsor, AOD tranny), but that's only because that is how the previous owner had set it up to be and was his wish, and I told him I would do it. I've never seen a Y block in a car with my own 2 eyes and this car did not come with one. I received this car with 4 bolts holding it together. Not a screw, nut, piece of wire intact.
I'm not sure if your car is "fully together" so to speak. If it is... I would do as others have mentioned above. and IF your block can't be repaired even if it is cracked I would just source another one.... You won't get another motor or transmission in the car without pulling the body to get all of the measurements etc. you need. I currently have the Windsor as low as it can go in the car frame, pinion angle is set now, and I'm still not entirely sure if I have to tunnel the car body or not to accommodate the AOD transmission. I think I'm good from engine to firewall, I have to set the body on one more time. And now it's onto making a driveshaft, sourcing U joints to marry to the rear end driveshaft I find etc. It will be much more costly, time consuming, and may not even work in the long run vs. putting back in the car what was meant to be and paying someone to build a motor or buy a running one.
And then there's "completeness" this car i have was already a basket case, I'm not cutting up
parts or welding motor mounts into a fairly complete 1955 Thunderbird. It has a '56 frame etc. So what I'm doing isn't total sacrilege. If you can retain your stock block I would. The first gen. Ford Thunderbird crowd does not seem to be as much about hot rodding as it does about keeping the cars close to original, (same as early vette's I suppose) cars were already gorgeous why hack them up. Just my 2 cents.