My advice is to chat with a good piston specialist. When I talked to my local Ford engineer, he asked me if I knew more than the FoMoCo? The point is, if you want to dabble in the black art of piston swaps, you must ASBSOLUTELY know what your doing. I'm not there yet becasue my little project I6 build isn't on the road, and I don't have the cash to correct an expensive mess up. Heres what I found about the Chevy pistons:-
There are two types of 229V6/305V8 forged piston. Light duty, and heavy duty. Some will handle a cut of 60 thou or more without weakening, others will be compromised strength wise. Because my 229V6/305V8 Chevy pistons were going into an odd ball 250 block with Aussie 3.3/200 long rods and a Aussie/Argentina 3.6/221 crank, I had a situation where the normal 1.531 inch piston was 56 thou out of my cylinder block. OOOCH!
Calcs were 6.275 inch rods, plus 3.46 stroke halved, all subtracted from a 9.48 inch deck register. That leaves only 1.475 inches of piston top to wrist pin space...less if the deck is 9.469 inches like most of your US 250's. I may have had to shave 67 thou off to get the piston level on that block. And remeber, that a six needs more room for rod and piston streatch at 4000 to 5000 rpm range most I6's max out at. 25 THOU BELOW THE BLOCK IS SAFE. (I'm told the latest Gen iii Holden has a plus 6 thou piston/block protrusion with a semi cast piston, but the've spent millions getting the piston to dove tail in with the alloy heads on a stiff alloy block)
The solution for me was to mill 60 thou, which is likely to be too much on a cast piston. On a 200, a 30 thou mill would be fine, and would put a Chevy piston back in the block where it belongs. I can't rationalize it, 30 thou is not much to mill a cast piston, but 60 or 70 thou is a lot more and I'd be pretty scared lopping off that much. Could excecute a good piston!
The thing is, most cast and cheeper forged pistons are optimised designs which may have little margin for 60 though of shaving. After spending out on some left over Chevy pistons, which are rare and expensive down here, I wanted the security of a good forging. My pistons are old TRW forgings, can't remember the exact line number. Down here, theres a guy in Christchurch, South Island, who does custom machining of imported US Ross forged blanks, and he says some off the shelf forgings are not thick engough to get savage with a milling machine.