Some where in one of my Ford manual or books their RECOMMENDED maximum bore for a 292 was +.040”. We know +.060” pistons and rings are available. A +.050” 292 is a stock bore on a 312”. With that knowledge a +.040” over 312. Is a+.090” 292. I would sonic any block I wanted to use either 292 or 312.
For me if I wanted a 312 and had the crankshaft and rods, I would find a good 292 block and bore it +.050” and have the crankshaft mains ground to 292 main specs. Std 312 pistons and rings are available along with rod and mains for a 292.