Howdy All:
Good question JMB- The answers already given are good. There is another reasonable option. That is off-set grinding the rod journals when turning the crank. Most machine shops can do this. An offset of .020" increases the stroke by .040"- .020" on each end of the stroke. It also reduces the deck height from a typical .025" to .005", which is good. And, theoritically, smaller diameter rod bearings have less drag. IF you have to have your crank turned down anyway, offset grinding is a good option. Increasing the stroke from 3.126" to 3.166". I don't know, right off, how much displacement that would gain, but if you believe that every little bit helps, there's a little bit. I'll run some numbers on the calculator and get back to you.
Adios, David