Ross, this engine has a long story......
Originally we had bought a 428 Shelby PI engine that "had dyno time only" on it. Was well detailed and we thought we could just dunk it into the Mustang and move on with life. There was a broken ear on the block when it got here and we started getting a little nervous, tore it apart and looked into it....... come to find out it was a complete hosing that we took. Basically were only able to save the intake,carbs, and crank.
To make this whole the whole thing work out we used a 390 C-scratch block that was on the shelf, had it bored out to standard 4.13" bore. Heads were a local swap meet find, a guy had run the rocker arm bolts down through the ports and got fed up with them, had those holes fixed and they turned out to be a real nice set of heads. Cam came from Dema Elgin, he ground a .618" lift, 224/224 @.050, 112 lobe separation. The cam seems to have real good manners, next time we start the engine I'm going to hook a vacuum gauge to it and see what kind of vacuum it pulls. I told Dema we need vacuum for brakes. Pistons came from Barry about 3 years ago or more, Diamond Pistons, compression works out right around 10.5:1.
We teetered back and forth between running exhaust manifolds on the engine or running headers.....headers won.
We aren't going to dyno it I don't think. At the end of the day it doesn't really matter how much power it makes as long as it is reliable and keeps the Mustang on the road. My guess was upper end of 400 horse? I don't know, what do you think?