Does this prove David Vizard's 128 lsa formula ?

It will be fine. How many thousands of 340's left the factory with that cam? Back then they made cams that were low lift and big duration and LSA. Those cams were easy on valve train and didn't need any tricks for big lift and clearances.
I forgot to put a smilie....my post was tongue in cheek. Most street engines aren't designed for peak hp/tq as there are other considerations.