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Re: kind of a dumb question but....
It means the pistons are .030 of an inch oversize.
This means the engine was rebuilt in the past. The original cylinder bore was likely worn, so the rebuilder bored it .030 and installed new oversize pistons.
While pistons are available in many oversizes, going .030 is very common for a first rebuild. This engine can be bored again if the cylinders are too worn now. Typically going to .060 would be the next step, although other sizes are available.
BTW good deal on that block so long as its not damaged.
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