Cause most would start with 400/440 don't mean a 383 can't, it's got enough bore and can take most of the same parts.
Torque at peak hp is around 90% and peak torque for this kind of build should be able to get around 1.4 lbs-ft per cid so 389 x 1.4 = 545 tq x 90% = about 490 tq @ peak hp, 700 hp x 5252 / 490 tq = 7,500 rpm