[quote name='Cloud9...68' timestamp='1306201495' post='110122']
"[color="#1C2837"][size="2"]offset grinding the crank would be the next logical step."[/size][/color]
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[/color][/size]There seems to be some difference of opinion on this. Some people, primarily in racing applications, do lighten their cranks, but I've heard other knowledgeable people say that's a bad idea because the inherent imbalance of the large displacement 4-banger "needs" some weight in the crank (and the flywheel) to keep from shaking itself apart (which sounds like a significant exaggeration to me).
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Offset grinding would be to lengthen stroke, not to save weight. If you take a 54mm rod journal down to 50mm by offset grinding, you move the center of that journal 2mm farther out and add 2mm to the stroke. To keep the piston from popping out of the block like a prairie dog, you have to move the piston pin up, and/or go with a shorter rod.
With a 108mm bore and a 90mm stroke you get a 3.3L motor.
You can get 108mm chebby pistons with the pin located up in the oil ring groove.
Cheers,
-Joel.