I think most guys under-carb engines. A 780-800 cfm carburetor is, IMO, the perfect size for a lot of FE's, even 400 inch ones.
With that being said, I'm not really an Edelbrock guy, I'm a Holley/Quick Fuel guy, but I don't see any issue with putting that carb on that engine.
I had a 390 come in last year with a Slayer 600 on it. I would never run a 600 on a 390, or a 289 for that matter. It left here with a much bigger carb.