Horsepower Estimate?

There is no way to know.. being a 340 people will say the factory lied about the power... so it could be 265hp or 750hp and spins to 8000 all day...
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You can know based on an abundance of readily available data and published dyno tests. @273 posted the holdener tests which to me prove that even a 360 smog motor can make some good power with simple mods.