349 CI on the cheap

Lee,
No offense taken.
I respect your opinion, I too have been around drag racing all my life, I'm 48 years old. But I have already taken a car that was running 5.50 in the 1/8 and with adjustments to the alcohol injection turned a 4.97 and this was just in tuning. And no other changes.
I believe that this engine will get me to where I need to be as my .040 318 with 302 heads has already run 7.303 @ 96 mph with a 1.53 60 ft. time and this is what that engine has in it.

M-1 intake
650 dbl pumper race carb
302/318 heads gasket matched and bowl blended
1.78/1.50 valves.
stock pistons,rods and crank
.480/280 hyd. cam
1 5/8 hedders
87 octane gas
timing set @ 30* total
iron adjustable rockers and chrome moly pushrods
valve springs with 110 on the seat and 310 open

Now this engine makes 316 HP to the tires and even though your calc. comes to 480 @ the tires then 164 more HP to the tires should get me there. According to my calc. that I should run a 9.96 or 6.33 1/8.
But once again and were getting off point here that this is suppose to be a engine that can be built on the cheap and give reasonable results even on pump gas. The hedders were choosen for street use and mild racing, and the ease in hooking up the exhaust. Not because they made the most HP or tq.