Finally the decision has been made.

Obviously his combination is all wrong. Not worth doing unless it has a 4” arm, aluminum heads, .650lift cam 1,000cfm carb, 4500stall. Just kidding sounds like you have a solid plan. Now the hardest part is the execution. I’m going to guess your plan is a solid 350hp 400ftlb +\-goal. I’ll be whatching cause I’m planing of redoing my 360 soon with the H116CP’s with a set of home ported J’s.