What hp and torque am I making?

As far as your heads go they have to be checked out to know. If they are good cores for rebuild, then just having a good 4 or 5 angle valve job on the seats, back cut your stock intake valves, springs for your cam set up, and a minor clean up of the bowls, and shaving .030 or so off to bump compression a little are the best bang for the buck. If you have a set of 2.02 valves already or need to buy new valves then use them, but it isn't a lot of difference on your build level.

I would not spend 1000 on a used set of rebuilt heads. At that point the new speedmasters on sale are the better deal.
Wouldn't shaving the head cause me to get new pushrods because now the ones I would have be .030 to long?