I suppose it is doable. The K241 has a 2 7/8 inch stroke while the K301, 321, and 341 have a 3 1/4 inch stroke. But it shouldn't be an issue as long as the K241 connecting rod is used, as the 241 and 301 share the same blocks, or sometimes share the same block. The block should have either K241 or K301 embossed above the crank seal on the pto side. If it says K241 I would be concerned about the bore being too thin, because the block was never meant to be bored that large. If it is stamped K301 it could be done, as it is just a smaller bored K301 block.The K241 bore is roughly 3.25 while the K301 bore is roughly 3.375.