Good advice through this entire thread
Some comments
1 - The small ports / long stroke (compared to a 351C) will be a completely different animal. In addition, the intake port length is long, and the 1 3/4 primaries all contribute to torque.
2 - I was harsh with the 270H being a truck cam, but it is a relatively mild cam. FWIW Barry did a dyno of one pretty close here, keep in mind it is well under 400 hp and peaks real low.
http://fefordtech.com/index.php?topic=40.0It's a nice motor, but really for a 3.25 or 3.50 gear car, it starts to flatten out around 4900, and that is exactly what I saw on my 396 inch truck motor.

3 - What I think I am reading between the lines is that you are trying to stay on a budget. We all do, so that is fine, but keep in mind, if you choose not to go converter and try to go stock valve train and a 270H, you are mismatched in gear ratio, not the end of the world, but you are giving up some significant power and then the power you have is really not matched well to your gearing. Not the worst I have seen with your tall tires, but still not ideal
We all love strokers in here, so I'd love to spend your money on a 445, but if you do intend to run 3.91s, my recommendation would be a 2800-3000 stall converter, a set of adjustable rockers with end stands (rollers would be best) and a 282S Comp Cam (it will be slightly milder than a 280H or XE274H) The budget will get hit, but in the end it will a very very nice match
Another option for a cam is something like I ended up with from Bullet. I basically built a 282S but spread the centers to 112 to get idle a bit smoother and put it on a 104 centerline to keep vacuum reasonable. We'd have to know the actual details of your pistons, deck height, etc to determine if that would be a good choice for you, but I loved it. Best of both worlds with some decent lift and duration but maintained idle and vacuum. Keep in mind mine is in a 445 but, it is also 3.50 geared, 4200 lbs, and 33 inch tall tires.
Here is a video to hear it at idle.
http://s528.photobucket.com/user/My427stang/media/VIDEO0015_zps3f24a13c.mp4.html