No, the cam will get saturated aswell, the lifter valley has lots of oilholes in it, including the ones in the timing chain section, the oil will to up, through the timing chain, into the lifter valey & through the lifter valley oil passages into the valley, & up through the holes in the heads for the pushrods & into the valve covers, when you turn the enigne the area will still be equal, as one piston goes down & pushes the oil down, the other piston is going up, trust me, knowing the LT1 & how it looks like inside out, I can only see how this will have no problems working, there will be no trapped air except for in the oil passages that go through the oil filter, as youi turn the crank, the oil pump will move that oil & get the trapped air into the rest of the oil which will inturn cause the air to bubble up through the valve covers which have an opening at the oil fil cap & pcv on the valve cover, it should work just fine, I would than after turning it over a bit leave it be for about 5-10 mins to let the oil seap through every bit of the bearing as possible & try turning it again, if its still a no go ther eis something serioulsy wroing with the motor, is the oil pan touching any part of the crank in any way at all? Just wonring cuz you probably have some fancy oil pump etc... but I doubt it very highly, just try turning the motor & have one ear on the oil pan aswell.

Well all said I'm gonna have to return to class

 

Acctually the only part that I can see having trapped air is the cylinder bores, but once you do a full 360* turn that should let most of it out into the rest of the oil & out through the valve covers, but only about a piston dish full of air trapped.

 

Craig - call me again on my cell. I did not get YOUR cell number written down right.