Cam selection - 500HP 360

Exactly!!

You have to match things up to make it work right. If the heads are ported to flow 270cfm they'll make the 500 hp he wants but to make that kind of horsepower he'll need a really big cam, at least a 750 carb, and a single plane intake, and it sure ain't gonna be very torquey down low and work well with them 3.55 gears. Tell him he needs to think more in the lines of 400-425 hp if he wants good low end torque and something to work with those gears. I'd say have him call Jim at Racer Brown and tell him what he has and what he wants to do and he'll suggest his best options. His # is 410-866-7660 and you can catch him after 2 pm eastern time.
The phone thing may not happen as he's in Australia - but I agree, his proposed combo is out of balance - Thanks for the heads up on this guys - I knew it was going to get stinky -

Lets try something different, lets say its a 408 - same gears etc and same heads.....is it possible to get 500HP with a DP intake and a less "piggy" cam?

If so..what cam would you suggest? (Duration and lift will do.....)