is this a good combination or am i looking for trouble

I think it's a great combo, but I agree on the smaller RPM intake. The cam choice is fine. I've found goiung much smaller with that high a static even with the chambers and good quench, you may have detonation issues. The MP thin gasket is .028 compressed. It's a little tight. With a steel rod, small bore, and hyper type piston, might be ok...But...I'd suggest the Fel Pro Permatorque blue gasket. It's .043 compressed, and with 0 deck is perfect. Depending on gearing I might also suggest a smaller carb, and Vacuum secondary.