360 build

I don't think you will have a problem reaching those goals. :)
Depending on a few other details that should put you right around 400hp and close to the same for torque.

You do know about the lift limits on the EQ's or did you have the guides taken down?

My Mag is pretty close to that but with 9:1 compression and a cam ground for mid range torque.
It's 214/224 with .512 lift on a 110
EQ's with 1.92 valves and LA intake pattern bolts
Hughes 310lb springs with the clearance retainers
Edelbrock dual plane and Edelbrock 600cfm electric choke.
1 5/8 tube headers into 2.5 inch duals
Mine is a daily driver so I'm not in it for all the HP I can get out of it.

I also have the 1995 Dakota automatic with overdrive and freeway gears in the rear, and man is it a freeway runner.
It gets 25mpg on the hiway at 90mph. :D
(8 miles to the gallon better than the stock 318 and 904 did.)