Will a Stock 489 handle 700hp?

I'm confused on many fronts....why do you want 3.23 gears and a 2500 converter behind a "650hp" engine (I can't think of any).

Also, how did you come up with "650hp"?.....kinda smells like a big scoop of Hotrod magazine, lack of sleep and a "3/4 race cam" = 650hp?!?!?!?