Nothing wrong with the oem blocks. As far as Raptor blocks, until you get to the kit R4 blocks (which none of these are) there's not enough different in them from the oem stuff.
If indeed they were all alcohol racing engines, they'll be built similarly with legal pulsa-jet carbs & tanks, etc.
You could take a quick look inside each once you get there and see if the lifter gallies have been welded (reinforced) for slapper cam usage. That would be an easy indicator as to what might have been done to them at some point in time.
I'd say they're worth the gamble, but if money is an issue, step away from them and just pick up a Harbor Freight Predator and run it as long as it will.
Personally, I prefer old school flatheads, even if they cost a bit more.
If you were to have one professionally rebuilt and updated - you'd likely be looking in the $5-600 range ($250 +parts.) Not knowing anything about them, you might get away with few parts and be up and running as cheap or cheaper than any other class. If you're just wanting to tool around in the backyard, then just throw a new diaphragm and spark plug at them and go have fun.