If its this Lunati Cheater, that's only 224-232-114, which is just a bit rougher than the old Ford c8ax-c at 220-230-116.
That cam was very streetable. It needed a converter but would do fine with a stock converter, even in a little 390.
http://www.lunatipower.com/Product.aspx?id=2269IF that's the cam you have, you might not need or want a milder cam - it just might be the 3500-4000 stall and 4.11 gears (on the freeway???) that is the problem. That cam would do fine in a light mustang with say 3.50 gears and 2500 stall as stated above.
The problem with a much smaller cam also is that at 10.5-11.0 CR, with iron heads and cast pistons you'd be in trouble with pump gas. A blocked heat crossover, cold air to the carb, and keeping the engine below 190F would help, but then you're into cutting the timing back and making it run like a tired dog.
So it will want a decent cam with that much compression - if you have the 224-232-114 Lunati Cheater already that sounds about right.
4.11 gears and 4000 stall sounds super-annoying on the freeway. Running 4.11s in a slushbox it will rev about like 4.30s in a stick car which is crazy at 70mph. Marginal back in the old 55mph Carter Days but not today. Needs taller gears and less converter, then you might be fine as-is!