What is the motor going to be used for eg. daily drive, weekend cruiser/thrasher

etc, etc . . .
How much "coin" do you have to burn?
If you dont need to go to 1380, in my opinion, dont. You can build or get built a strong 1310, 1330cc engine with plenty of goodies that with happily "putt" along but when you want drive with "gusto" you still have plenty under the right foot. As im sure you know there are plenty of variables that you can put inside or bolt on to aid the engine capacity chosen for a more enjoyable driving experience for you.
I do have a 1380cc engine and it goes quite well but the internal specs have changed vastly over my previous engine builds but so have the rest of the driveline specs. I do get better fuel economy on long hwy runs but stop start driving it does use more. The torque range i have is better and i dont have to rev the arse out of it when driving with "gusto"
In the end its up to you what you want to do and what you can afford to do.