Yes it has been done, notably, Outlaw Engines, who does mostly airboats in Florida.
I have a T-18 with a low time, upgraded O-290-G that I would bore the cylinder spigots to fit O-320 cylinders, just to keep the special engine mount.
Plus, I think it would be cheaper than finding O-290 piston rings.
I have access to a milling machine, and plan to do it myself, otherwise, I would generally say no.
Even if the dollars made sense, the amount of time you might consume with the modification would be directly subtracted from flying time, always a bad choice.

__________________
Scott Emery
http://gallery.eaa326.org/v/members/semery/
EAA 668340, chapter 326 & IAC chapter 67
RV-8 N89SE first flight 12/26/2013
Yak55M, and the wife has an RV-4
There is
nothing-absolute nothing-half so much worth doing as simply messing around with
Aeroplanes
(with apologies to Ratty)
2019