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I would go with a bit more duration (260?) but use endurance type roller cam lobes for better life of the parts. So much depends on what you do with the heads, and the cam /carb that it is impossible to give any hp estimates at this point. Figure out how to make the heads flow as much as possible, get a cam to use the flow, max out the compression for the fuel used and get the piston to head clearance down close (.040?) and you should have a winner. It should be easy to get this deal into the tens, but how far depends on a lot of your choices. One thing I am not fond of is the low converter stall. If this is a street strip deal, you have to live with some compromise. But if this is race only, get the stall up above 5,000 rpm, preferably within 1200/1300 rpm of shift point or maybe closer.

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I agree completely with the cam, I run a 275@50 in mine and also I run a 8" 5000 converter. He got a really good deal on alot of these parts including the tranny and converter. Im sure a 1050 domi. would also be the ticket for carb. Thanks for the recomendations everyone. Keep em coming. This is what I really like about this board!