Agreed.
You don't see them because they don't exist in nature outside of the local cruise night and usually the only proof is the owner's mouth. Show me a 500hp 318 on a dyno and I'll point out the lack of any belt driven accessories, hood clearance limitations, and a real exhaust. Aside from pushing the power band up, I think the stroke and bore size is more of a limitation than we think in terms of having good heads "available".