As mentioned, at 500 HP, a stroked 383 would work fine. Actually you could do 500 HP with an unstroked engine, just won't have as much low end torque.
Don't know about "crate" engine 400's? Maybe more of a norm in the 2000's when Muscle Motors was really big on building 451" strokers with 440 cranks and rods and ROSS pistons before the affordable aftermarket stroker cranks and rods (and ICON pistons) started popping up from 440 source and Eagle.
In the 1990's the 451 was popular because 400 blocks were really cheap, like $50 and it used a 440 crank and rods with the mains and counterweight turned down to fit in a 400 block. Back then I bought a Muscle Motors 451 assembled short block for about $3,500 including a Bullet solid roller cam, lifters, and timing set.
I then bought a set of B1-B/S heads from Koffels. Around that time in 1991, very limited choice of aftermarket heads. The Koffels stage 1 ported heads, 1.6:1 rocker arms, pushrods, head studs, and spark plugs was right around $3,000. So I had $6,500 into the basic 451 engine without the oiling, intake, exhaust and ignition systems.
I think Edelbrock finally came out with the RPM head around 2000? Then it seemed there were several knock-off of the RPM head.
Now, with all the avaliable and fairly affordable stroker kits, and heads, and cams you can have an engine built more to your specific needs than what might have been a "crate" engine which may have been built for bracket racing only?