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I"ve also given thought to a cetrifical type supercharger; if I choose this path do I go with forged internals and lower compression (8 or 8.5 to 1). What hp could I expect with 8 to 10 lbs of boost? Would this be streetable?



Yes it could be very streetable. Power output depends a lot on your supercharger head unit. You could do 400-500hp on a stock stroke 360, but of course power output still depends a lot on head flow, cam, intake and exhaust choices.