I have a 318 with a comp cams XE268H cam, Edelbrock RPM air gap manifold, Just put on Edelbrock Performer 800 cfm yesterday (was Eddy 600 cfm), Hooker Competition headers, 2 1/2" exhaust, 904 stock with 2800 stall. I figure I am right at or maybe a little over 300 HP. If I had it to do over again and stayed with a 318, I would do something about the heads and get higher compression. It's not as fast as I would like right now. That's why there is a 408 stroker on the engine stand in my garage.
By the way, I was a little leery of going to 800 cfm on a 318, but holy **** did it wake that motor up! 600 cfm must have been not enough and was holding it back.