What's wrong with the ol' 216? I recommend that you leave it alone until you've done all your homework on the swap.
For instance:
a. Is the 49 engine really a 49? How about the 56 engine, is it really a 56?
b. Does the 49 engine really hold 8 quarts of oil?
c. Does the 49 engine have the correct dipstick?
d. What do you expect to gain by the swap? Maybe less oil being slapped around in there owing to overfills?
e. Is there a compelling need for the swap?
f. Could you sell the 235 and just keep the 216? (That would save you some time and aggravation.
g. Can you actually use the old water pump?
Seems mysterious to me. Sometimes it is better to let things alone and just maintain and enjoy what you got.
Good luck with whatever your decision happens to be.
Charlie