Yes there is no ZR1 in the current C7 Corvette range, the ZR1 badge tends to be reserved for a ultra performance version of the Corvette whenever GM feels like building one, the Z06 tends to be a regular production option, the last ZR1 was a C6.
While the LS9 is not used in any current GM vehicle its still being produced and readily available as a crate engine from GM if you have about 20k US floating around.
According to GM each LS9 was hand built by a single engine builder for the C6 ZR1 Corvette only, so if it does happen, the Commodore will be the only car other than the ZR1 to come out with a LS9.
Sure the LT4 in the current C7 Z06 now produces a bit more power than the LS9 (485kw vs 476kw) it's hardly a boat anchor and I assume the gen V would not be a easy dropin to the Commodore.