As an owner of the wonderful LO3 motor, I'm willing to admit it has its weak points. No power being at the top of the list. But, you can not kill these motors.
Mine was beat to hell when I got it. With a small tune up (and a set of keys) it started right up. When I pulled the valve covers a year after owning it, and pulled out 3 separate chunks of carbon build up. Each being at least 1 in long by 1/2 in wide.
Overall, solid motors.
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1992 Camaro RS 305 TBI,- Off the road, awaiting rebuild
2004 GMC Sierra- Current Daily Driver.
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