[dscott]

TP, The cam is a little mild. You may want to check into the Comp Cams extreme energy #246. Very nice split duration and makes nice power. Also has a nice rumpety sound at idle. I use a lot of them on the small blocks and make good power. The new SVO GT40p heads are really nice on the small block and are cheap. We picked up about 20hp over the stock 351 head on the dyno. I would definitly upgrade the rod bolts. It does mean dissassembly of the engine but if you are going to try and develope any power the stock bolts will be a weak point. A good ignition system like the MSD distributor and 6A box will help power also. If you have room the Performer RPM manifold is excellent along with the Edelbrock carb. This combo should give you around 310 to 320hp.

One thing to check on the block is if you have the 5 or 6 bolt bellhousing. The 5 bolt was very limited and not much available from the aftermarket. This may determine what you will need to do for the trans.
Don