I figured if it was an increase, it'd be the 494.
The Olds 442 W-30 package gave you a motor with ram air, a hotter cam, HD valve springs, chrome valve covers and a modified advance curve... but no increase in cubes from the regular 442's V8 (except '72). '65-'69 were 400 cubes, the '70-'71 were 455 cubes and in '72 the 350 was std with the 455 as an option. '65-'66 models also got tri-power (instead of the std 4bbl) with a heat riser shut-off, but GM dictated in '67 only the Corvette could have multiple carbs, so '67 and later W-30's got the Quadrajet 4bbl. In '70 the 442's 400 motor was replaced with a 455 and the W-30 package included an aluminum intake manifold, cold air hood (earlier cold air induction had been thru the bumper) and different heads, in addition to the items earlier W-30's got over the std 442. '72 was the last year for the 'real' W-30.
As you can see, 442 didn't stand for displacement. It stood for 4-barrel, 4-speed, dual (2) exhaust in it's debut in '64 with the 330 V8 (no W-30 that year), and 400 cubic inches, 4-speed, 2 exhausts in '65-'69.