It will without the phenolic spacer. But remember, Mine is a 440. Haven't pulled it so I can still move it in and out of my shop. It sticks up just as high as my chrome 14" breather. I didn't realize the smalblock sits as high as the bigblock.
I am cutting the hood so it doesn't matter to me. I am going to order the 5" steel cowl scoop from AMD and weld it on.