OK thank you for that. I got the impression from the following article that you needed to change the PROM.
http://tpiparts.net/305_tpi_to_350_tpi_conversion
However, that does not appear to be the case.
So in my scenario I could continue to use the original 5.0 liter PROM if I installed a 5.7 liter engine with a manual transmission. However, I would need to get a new chip burnt in such a case with or without upgrades to the 5.7 liter engine such as: a cam, headers, heads, boring out the cylinders, bigger fuel injectors (which are needed anyway), etc.
Do you have any comments on the above noted article? Thanks