Cam wiped out, what the hell did I do wrong?!?!?

if the head flow is there 300+cfm...then even a 250's*@.050 will make 500hp.

I like your choice of words "if". Those heads came from Hughes ported I don't believe they flow anywhere near 300CFM. They are selling parts to the masses and high numbers sell them even if it is not true! Sorry to say...... as you know it took me some $$$ and awhile to figure that out!