I just remembered he has a 66 Impala SS that has a ZZ427 crate motor which runs about 480hp/490ftlbs so he knows what to expect. I will talk to him soon on budget and expectations.
The ZZ427 Rat is a nice combo - only $13,000, and with a warranty.
If that is the level your friend wants, it's pretty easy with an FE.
EE427 Recipe
(Ford equivalent of Chevy's ZZ427)
4.233 x 3.784 427 FE
Edelbrock heads, just cleaned up so they flow like they did box stock in the 1990s before 2% inflation hit.
Barry R used to do this.
Ed RPM intake, similar intake to ZZ427
780 Holley, same carb as ZZ427
Same cam as ZZ427, hyd roller
224-234-110 ICL=110 .527 .544 lift
10.1 CR same as ZZ427
2" dyno headers, same as I used to match the ZZ427 Dyno test
Truly an equivalent Build to the ZZ427
I even painted the Gonkulator version orange. Ok, no.
Torq 494 at 4100
Powr 485 at 5500
Again, truly the equal of Chevy's ZZ427.
There are better FE heads (as there are better Chevy heads) but the FE holds up pretty well against this Rat.
Your buddy's little tryck is likely a lot lighter than that fat 66 Impala (they got fat after 1964) so should make for some good clean fun.
NOW - as for that FE 390 with C7AE-A Tiny Port stock unported heads, and 400hp? That will be tougher.
As for that one, looks like it's not THAT hard. I actually just took the EE427 above and changed it to a 396, swapping heads:
4.08 x 3.784 396cid
c7ae-a heads, bone stock with 5-angle valve job
Ed RPM intake
780 Holley
10.1 CR
224-234-110 .527 .544 hyd roller cam, same as Ford EE427 and Chev ZZ427 above
2x33 headers
Surprisingly, this Gonkulated to
Torq 426 at 4000
Powr 400 at 5400
Of course with better heads you could do much more, but there's your 400hp if that is the goal.
On the dyno anyway - the block hugger headers might eat a few ponies.