Howdy Chris and All:
The max OB on a small block Ford Six is .060" because that's the largest size aftermarket piston easily available. More is possible, and I've heard of .080". Cylinder wall thickness should be checked with a sonic tester prior to OB this much, IMHO.
When boring, it is best to bore only enough to establish a clean, straight cylinder wall. The increase in cubic inches going from .020" to .030", or even .060" is miniscule. The loss in cylinder wall rigidity and integrity can be significant. The thicker the cylinder walls the more rigid the bores can be. In dealing with FoMoCo thin wall casting process less OB is better. As an engine is assembled and torqued into place parts and surfaces can and do distort. That is not good and frequently causes heat.
That's why is is a good idea to bore and hone with the main caps torqued in to place and a torque plate on top (if you can find one).
Another issue is the trueness of the casting. This is not much of a problem with our engines, but it is with Chevy sixes. When checking a block for core shift during the casting process, inspect the seam where the water pump is inserted. The seam should be almost invisable. If this seam is misaligned it may indicate a difference in wall thiknesses from side-to-side.
Adios, David