All other things being equal, (heads, cam, intake, etc) A stroked 332" 302 will outperform a 351W with a stock stroke. The internal reciprocating mass of the 351W is a LOT greater than the 302's, and the main bearing's surface area is overly high on the 351W, creating excess friction and causing a durability issue at very high RPM, as well as costing power.
After you go through the hassle of installing a stock-stroke 351W, and dealing with the increased weight of the 351W, you'll end up with a slower car than if you'd just built a stroker 302. (I'm not really comfortable with those 347" kits, because of the poor rod/stroke ratio. With 5.5" rods, and 3.25" stroke, you end up with a 332" motor that retains the stock r/s ratio of 1.69:1, giving you more efficiency, power and longevity. Even so, a 347" will annihilate a stock-stroke 351W)
When I stab the throttle in my car, the 332" will rev to 7000 virtually instantly. (Whether it's in neutral or in gear matters not)
Edit: Of course, if you build a 408" 351W, massive cubes will begin to win out over efficiency, and it will beat up the stroker 302, all other things being equal.