400 horsepower low compression 360
...15 mpg? It hasn't been mentioned but 400 plus hp is going to require 3.91 gears or it will be lazy at lo rpm.
now he's down to 10 (?) mpg and it takes 6 or 7 gallons to go 30 miles one way to cruz night every week and may not like buzzing 3.9's for regular driving.
A melling 340 replacement cam at 204/214 duration will probably get 20 mpg. But he will go through tires like crazy.