Just brushing up on my 80s SVO specs, 300 would be a significant jump up from the 205 peak of 1986.
One could also expect a boost in torque and driveability.
@TexRex
The 300hp in 'off the showroom floor' spec, has so many benefits over the 300 extracted out of the Lima motor.
I faced the same debate 20 years ago, when shooting for 400bhp out of my 5.0 carburettor V8. Go down that path for a very pricey investment and tolerate driveability, cranky behaviour when off cam, temperature issues, shorter life expectancy before rebuild time, and other associated niggles, OR
Drop in a more modern Chev LS crate motor that comes with a guaranteed 400bhp and a warranty!
Unfortunately, I kept getting a bad attitude from the car with issues popping up and eating into the budget before I got to pull the trigger.
So, I pulled the other trigger instead and sold up.
Loved that car, but I sure don't miss the reliability issues. Besides, my left leg post accident & rebuild wouldn't go anywhere near being able to use the heavy clutch.