You can restrict the oil to the top end by tapping the feed hole leaving a journal and installing a plug with a hole drilled though it. The top end doesn't need that much oil and it increases pressure in the bottom one.
The 2V heads are okay. I prefer the Pontiacs of the same generation though.
The 4V heads are great. But you can't try to disquise it with a smaller camshaft etc. I tried that--after I got married we hooked a U-Hual to my '64 Galaxie which had a '71 351C-4V. It had 9.8-1 TRW pistons to lower the compression ratio, I replaced the Erson cam with 245* duration @.050 with something like 204* and installed an Offy split plenum--hoping that would let me tow a trailer. No, it was really bad. We made it. But that old car was designed before freeways pushed the gas stations so far apart. We got 7mpg in some stretches and with a 15 gallon tank, or maybe 20, we had to sit waiting for rural gas stations to open out in Wyoming. In a light-weight '69 Cougar with 4.56 gears and a 3,500rpm converter, it's a dominating engine. Putting it in the Galaxie was a neccesity, but it wasn't better for the job than the 289 I pulled.
My replacement for the 351C-4V was a 472" motor I built from a '71 Lincoln. I didn't spare any expense in that one--also using TRW pistons to lower the compression, mirror polishing the chambers to eliminate hot spots, hammering rods in the air-pump ports and grinding out the lumps. I used a Ford Motorsports cam which was the same grind as the 429 Police. And I used a tiny 625cfm Carter AFB. That was a great motor--like a giant sewing machine. It was everything the 4V cleveland wasn't in that car--throttle response like a kick-drum, go around cars without needing the tranny to downshift. I got 16mpg on my commute--which was about 90mph up I5 in southern California. The 351C probably could make the same power and at a lot less weight, but drivability isn't the same. I like the giant sewing machine. Nobody can beat you off a light--that thing would leave the paint behind.
Get the 351W anyway. Aftermarket stuff--fuel injection--all of this can be put on it. It was made until very recently, 10 or 12 years. The 351C is about 35 years out of production. It's a cool motor, but you can buy better heads for a 351W. You can start cheap and you all already set-up to upgrade. I don't have any love for a stock 351W--a 351C will kick it's butt. The W has more potential with the aftermarket though.