A couple of thoughts on building an FE for the street. I've done it and gave it a LOT of thought!
I had 12.5 to 1, roller solid cam, high rise heads and 2X4 intake. Man what a beast that thing was. It was making over 600 horse. Finding high enough octane was a constant problem and it got old fast. I mostly ran with retarded timing so I wouldn't have to worry so much about the octane\detonation problem. Retarded timing and pump gas lost a lot of horse power, after awhile I figured "whats the point" of having BIG horse power if you can't DRIVE the dam car on the street without a major head ache? Then a roller lifter broke after about 8000 miles ONLY and I decided it was time for MAJOR overhaul of both the motor AND the "build specifications".
I went with 9.8 to 1 compression, anything higher and you got a problem with "pump gas". 9.5 is actually recommended. The high rise iron heads have pretty small CC combustion chambers so I had to special order "dished" pistons to get the C.R. down. I also went with a FLAT TAPPET cam because the "life span" of a roller cam in an FE is just not "that long". Comp Cam 282 solid has been the PERFECT cam for what I wanted. 500 horse and STREETABLE. Shift at 6000-6200 rpm.
Because the torque curve has been moved down in the rpm range the motor FEELS as strong as it ever was and pulls nicely from about 2300 rpm and up. The old cam didn't run well at all below 3000 (and got 6 mpg, now I'm closer to 10 mpg). I also changed the carbs from mechanical secondary to vacuum for a smoother application of power.
Speed in the 1/4 dropped from 11.90 to 11.99. Good enough for me! I gave up VERY little speed (can't "feel" the difference) and gained FAR more "drivability". For me, 500 horse is "enough". With 600 plus I couldn't put the power to the pavement because of traction loss anyway!
Your specs above should yield 500 horse more or less is my guess. But with that compression you will be constantly searching for better gas\octane.
There is more to this engine design thing than JUST cam, C.R. and intake. I found more power by paying close attention to the "quench" area and compression HEIGHT of the piston. Tricky stuff and VERY important if your running "borderline" C.R. and expect to use pump gas. In addition the FE's have unusual clearance specs internally, get that wrong and your motor WILL NOT live long. Chamfer the
oil passages, grind down the sharp edges and make sure you got enough rod and bearing clearance. It's an "art" building an FE.