The common opinion is that in an FE, they can take a lot of power, some guys say well in excess of 700 hp
However, keep in mind, overall component balance (from balancer to clutch and everything in between), heavy/light parts choices, RPM, and even main design all matter. A cast crank doesn't flex it breaks. I tend to be a much more conservative. it's a decent chunk of money to move up to forged, but how much for a broken block?