There is a local guy who has made over 400rwhp on a 331 on 93 octane. I believe he has at least 5k in machine work alone. Combo consists of heavily ported Vic Jrs with the works, custom sheetmetal manifold, and heavily ported systemax lower. He spins it up to 8k and it's not very streetable.
Then there is that yellow 95 GT that makes 466 rwhp on a 347 with 91 octane and selling his combo for 6500 and from the parts list it looks like it's just a small fraction of the cost. Here it is
Icon 1 posted July 25, 2009 01:57 PM Profile for Yellow94GT Ford pictures for Yellow94GT Author's Homepage Email Yellow94GT Send New Private Message Edit/Delete Post Reply With Quote First of all, the 548 HP is calculated from the 466 RWHP this motor has made on two different chassi dynos. The most recent of which was about 4 months and 1 trip to the track ago.
This motor was in my 1994 GT. The best pass from this setup was a 10.69 @ 127.23 MPH. This is through a 5 speed and with a 3300 lb. race weight. This setup has been together for 4+ years and has less than 100 passes and around 3000 miles.
Again, this setup runs on 91 octane and in any state other then California could be drivable daily.
Here is a list of what's in the motor and of course, I'm sure I'm forgetting some stuff.
Production 5.0L roller block, .030 over (new when motor was built)
Eagle cast steel crankshaft
Eagle SIR connecting rods
CP custom pistons 11.1:1 with current setup
Custom metric low tension oil ring package
Clevite 77 bearings
ARP head and main studs
Blueprinted Standard volume/standard pressure oil pump
ARP oil pump driveshaft
Milodon deep pan with windage screen and braided stainless tip stick setup
Billet steel main girdle
Romac Balancer
Cometic MLS head gaskets
Victor Jr. cylinder heads with lots of custom port work and upgraded valves
Comp cams 917 valve springs with titanium ratainers
Victor 5.0 intake manifold again with costom port work
Accufab 80mm Race throttle body with race egr delete plate
HiTech custom camshaft
Rollmaster Billet timing set
Sherman Racing modified hydro lifters
Custom 3/8 pushrods
Comp. Cams HiTech stainless rockers, 1.73 ratio
ARP 7/16 rocker studs
Comp. Cams rocker girdles
Costom fabricated valve covers with 3 breathers, (clear 94/95 alt. location)
Custom Moroso oil baffles
If I where you, I would consider doing a stroked 351w to 408. You'll make gobs of power and A LOT cheaper.