That magazine engine looks pretty good to me;
Except maybe the power-peak at 6000rpm. That kindof demands a 6800/7000rpm 1-2 shift, and about a 6600 rpm 2-3 shift; so your oiling system is gonna have to be tip-top.
I have a similar engine, with a 10.97 starter gear,and a manual trans. It goes like the dickens, even in my 3650 Barracuda. Plenty of of low-rpm power; mine is a dump-it-and-go deal. I seldom need to give it much rpm to launch, and even tho the power peaks at about 5300, the beast pulls forever, and I usually shift it at 7000, when hard-charging. With an automatic, the 1-2 shift would probably be around 6300, maybe a bit higher.
IMO, for a streeter,for your stated useage, I could see one or maybe two sizes smaller cam being an advantage.But only you can make that decision, based on percentage of street-driving versus track time, versus cost of fuel.
Just to relate; I had a 223/110 cam for 4 years and it was a real nice combo. I ran it with a 9.44 starter gear, which was plenty. It would have easily pulled less.That cam peaked around 5000, and I still shifted it at 7000,lol. And it made fabulous fuel mileage,running at 65=1600.........So, what I'm saying is; I really liked that 223 cam.
The current 230 cam, gave up some low-rpm torque, and gained some upper rpm power. The midrange is about the same. But it cannot make decent fuel mileage anymore, at 65=2240. I've been hoping this 230 cam would die since 2004, so I could have an excuse to downsize...... but it just keeps on going, and going, and g........That's real-world experience.
Your results may vary.
For a few bucks more, you can get aluminum heads, and pump the Dcr up to about 9.0 and still run pump gas. The added compression is worth about a cam-size on top, and a ton of midrange and bottom-end. That goes well with a smaller cam,and/or a heavy car. I am running that hi-lift-230 cam on 87E10; same as when I ran the 223.
Nowadays, it's easy to build SBMs with waaay more power than the street chassis can harness. So if you want a tire-frier, that magazine 360 will do it easily. But a little less cam, is IMO still more than the street-chassis street-tires can handle, especially with a 4.10 in the back. And that's my opinion, based on my experience.