I would suspect it would make that hp, maybe a little over. My question is why stay carburated? Fuel injection is way more reliable and easier to tune. Then you could strap on a blower or a turbo, and if you are in to it, Nitrous. Well, Nitrous can still be used, disreguard that. It's just my opinion that Fuel injection is the way to go, more power gains in it. But, opinions are like....ahem. You know the rest. Hope I helped more than I hurt.
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The Black Mamba 11.2@124
94 Cobra- MAC cold air fender kit, Motorsport underdrive pulley's, MAC 21/2" off-road H pipe, SVO mufflers, 3.73 gears, E-303 cam, 13.417@101.335mph