I agree with Clint and RJ. I had my 386 built by the local speed shop. The goal was to keep it a budget project and to keep the HP somewhere in the 350-400 range. Being able to use pump gas is critical if you want this to be a daily driver. I'd drop that compression ratio down to 9.5 if I were you, to be safe.
Stick with the oval port heads, a moderate hydraulic cam is all you need, and an Edelbrock intake is a cheap but good improvement. The big block will have more torque than probably most cars you ever rode in...unless you hang around a bunch of racers. It will get you plenty of power, but will not be cheap at the gas pump.
I added a few "nice to haves" like a larger chrome oil pan, and roller rockers and a custom balancer. By the time I was through I had a price tag of over $4000 out of the rebuilt. This didn't include all the external stuff like water pump, alternator and pulleys.
If I had it to do over again, I'd probably look at a crate 383.stroker. In the long run it will be a lot cheaper (gas, parts etc.) and have most of the power.
Steve
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