I must say that I get amused by posts shopping for flow numbers or horsepower. I am NOT against them...they just make me smile.
Rarely does someone post "what do I gott'a do to run 12's or 11's or whatever in my Fairlane". I get the feeling this is what's beeing asked, but the poster doesn't really know it.
If you have been mess'n 'round with 350 HP small blocks, which by the way is plenty fun, an 11 second FE powered car will be a riot for you. Not many driven cars can really run that number.
Recipe for an 11 second streeter? A stock stroke 427 will do it, but a 454 incher does it better. A .600 lift solid flat tappet cam, NICELY professional ported heads (I use Edelbrocks), most any performance intake and a 800cfm or larger Holley, 10 inch converter, 4.56's and slicks. Then figure out how to make these parts work.
It's not that hard.
Seven hundred or even 6 hunnert (or even 500) is a serious piece. Might be easier for you if you sneak up on those numbers rather than go "all in" on your first try.
Most importantly, have fun!