It's a tricky one. A few extra cubes and possibly an earlier performance core but in a collectable car where originality is what scores the points and values. Bit like changing the nose, it's your car so if you're happy with it its great, but come time to part with it, perhaps not so.
If you can't see the cast on displacement then its a sign its probably not a 403 and a much earlier engine, these didn't appear until '77 on block sides so should be on a '79 engine.
On the front of the engine block where the oil filler spout goes should be a casting number, 557265 and 4B for 403. Also measure the base of the inlet manifold, 12" for small block, 14" for big block.
Some useful info here too including other casting ID's:
http://www.442.com/oldsfaq/ofblk.htm