What's the cam specs?
If you don't have a least the minimum recommended gear for the cam then out of luck and will never get the low end back like it was with the 4.10.
But if you wanna do it anyways heres what you should do...
RPM manifold, highest initial timing it'll start with, limiting the total advance to what ever it likes best.
That pick up the bottom some, smaller carb might snappin it up off the line but over all the HP power will be down a lil.
If you wanna quik test on how much pep the timing mod will give you, just take out the heavy advance spring from the distributor and go drive it after lowering the idle cause now you'll be at 18-20* at idle meanwhile the total will stay the same as it was as long as you didn't turn the distributor.
With the 1 spring gone the centrifical force will allow the instant advance to 18-20*